Banco Bradesco SA (NYSE:BBDO) Stock to Pay Special Dividend of $0.07

Banco Bradesco SA (NYSE:BBDO) announced a special dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0662 per share by the bank on Monday, May 10th. The ex-dividend date of this dividend is Thursday, October 15th.

Banco Bradesco has increased its dividend by an average of 0.3%annually over the last three years.

Banco Bradesco Trading Down 0.3%

Shares of BBDO traded down $0.01 during midday trading on Friday, hitting $3.13. The stock had a trading volume of 30,937 shares, compared to its average volume of 76,224. 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 $33.17 billion, a P/E ratio of 7.45 and a beta of 0.48. Banco Bradesco has a fifty-two week low of $2.65 and a fifty-two week high of $3.80. The business has a 50-day simple moving average of $3.14 and a two-hundred day simple moving average of $3.18.

Institutional Investors Weigh In On Banco Bradesco

A number of institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its position in Banco Bradesco by 49.2% during the 2nd quarter. QRG Capital Management Inc. now owns 21,423 shares of the bank’s stock valued at $64,000 after purchasing an additional 7,068 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Banco Bradesco during the 2nd quarter worth $33,000. Royal Bank of Canada lifted its holdings in shares of Banco Bradesco by 307.2% in the first quarter. Royal Bank of Canada now owns 20,121 shares of the bank’s stock valued at $67,000 after purchasing an additional 15,180 shares in the last quarter. Renaissance Technologies LLC increased its position in Banco Bradesco by 198.9% during the first quarter. Renaissance Technologies LLC now owns 34,999 shares of the bank’s stock worth $115,000 after acquiring an additional 23,289 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Banco Bradesco by 160.5% during the 1st quarter. Cetera Investment Advisers now owns 29,490 shares of the bank’s stock valued at $97,000 after acquiring an additional 18,168 shares during the period.

About Banco Bradesco

Banco Bradesco SA is a Brazilian financial services company that provides banking and related products to individuals, businesses and institutional clients. Its services include checking and savings accounts, consumer and commercial lending, credit and debit cards, payment services, foreign exchange, investment products and wealth management.

Through its operating businesses, Bradesco also provides insurance, pension and capitalization products, as well as investment banking and asset management services.