Banco Bradesco SA (BBD) To Go Ex-Dividend on September 3rd

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Tuesday, August 11th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.0037 per share by the bank on Thursday, October 8th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 3rd. This is a 0.5% increase from Banco Bradesco’s previous monthly dividend of $0.003702.

Banco Bradesco has raised its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Banco Bradesco to earn $0.56 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 3.6%.

Banco Bradesco Stock Performance

NYSE BBD opened at $3.29 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.93. The firm has a market cap of $34.86 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.40 and a beta of 0.53. The company has a 50 day moving average of $3.42 and a 200-day moving average of $3.62. Banco Bradesco has a 1-year low of $2.96 and a 1-year high of $4.30.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Tuesday, June 30th. The bank reported $0.12 earnings per share for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%.The company had revenue of $6.77 billion during the quarter. On average, equities analysts forecast that Banco Bradesco will post 0.5 earnings per share for the current fiscal year.

About Banco Bradesco

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.