Banco Bradesco SA (BBDO) To Go Ex-Dividend on March 4th

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Thursday, February 5th. Investors of record on Wednesday, March 4th will be paid a dividend of 0.0033 per share by the bank on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, March 4th. This is a 2.5% increase from Banco Bradesco’s previous monthly dividend of $0.003206.

Banco Bradesco has decreased its dividend by an average of 0.2%per year over the last three years.

Banco Bradesco Stock Performance

Banco Bradesco stock opened at $3.51 on Friday. The company’s 50 day simple moving average is $3.13 and its 200 day simple moving average is $2.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.12 and a quick ratio of 1.12. Banco Bradesco has a fifty-two week low of $1.80 and a fifty-two week high of $3.71.

Banco Bradesco (NYSE:BBDO) last posted its earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter. Banco Bradesco had a net margin of 9.27% and a return on equity of 12.95%.

Hedge Funds Weigh In On Banco Bradesco

A number of large investors have recently added to or reduced their stakes in the company. Intergy Private Wealth LLC bought a new stake in shares of Banco Bradesco in the fourth quarter valued at about $30,000. Ritholtz Wealth Management acquired a new stake in Banco Bradesco in the 2nd quarter valued at approximately $30,000. Compound Planning Inc. bought a new stake in Banco Bradesco in the 3rd quarter valued at approximately $35,000. SBI Securities Co. Ltd. boosted its position in Banco Bradesco by 974.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 13,898 shares of the bank’s stock worth $40,000 after acquiring an additional 12,604 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Banco Bradesco by 25.7% during the 3rd quarter. Citadel Advisors LLC now owns 64,258 shares of the bank’s stock worth $188,000 after acquiring an additional 13,129 shares in the last quarter.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.