Banco Bradesco SA Announces Monthly Dividend of $0.00 (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Tuesday, July 14th. Shareholders of record on Wednesday, August 5th will be given a dividend of 0.0037 per share by the bank on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 5th.

Banco Bradesco has raised its dividend payment by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Bradesco to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 14.0%.

Banco Bradesco Stock Performance

NYSE:BBD traded up $0.01 on Wednesday, hitting $3.63. The stock had a trading volume of 19,241,811 shares, compared to its average volume of 36,834,293. The business’s 50-day simple moving average is $3.49 and its two-hundred day simple moving average is $3.69. The stock has a market cap of $38.52 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.45 and a beta of 0.53. Banco Bradesco has a 52-week low of $2.73 and a 52-week high of $4.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The company had revenue of $1.50 billion for the quarter. As a group, research analysts predict that Banco Bradesco will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Banco Bradesco

A number of institutional investors and hedge funds have recently bought and sold shares of BBD. Orbis Allan Gray Ltd purchased a new position in shares of Banco Bradesco in the 2nd quarter worth $250,398,000. Franklin Resources Inc. increased its stake in Banco Bradesco by 2,469.2% during the fourth quarter. Franklin Resources Inc. now owns 47,947,074 shares of the bank’s stock worth $159,664,000 after acquiring an additional 46,080,856 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Banco Bradesco by 355.9% in the 1st quarter. Bank of America Corp DE now owns 28,078,599 shares of the bank’s stock valued at $102,487,000 after purchasing an additional 21,920,074 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Banco Bradesco by 116.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock valued at $73,885,000 after purchasing an additional 17,853,712 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Banco Bradesco by 25.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 82,163,260 shares of the bank’s stock worth $273,604,000 after purchasing an additional 16,908,425 shares during the period.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.