Banco Bradesco SA (BBD) to Issue Monthly Dividend of $0.00 on June 8th

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Tuesday, April 7th. Stockholders of record on Wednesday, May 6th will be given a dividend of 0.0037 per share by the bank on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, May 6th. This is a 0.1% increase from Banco Bradesco’s previous monthly dividend of $0.003677.

Banco Bradesco has increased its dividend by an average of 0.2%per year over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Bradesco to earn $0.43 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 4.7%.

Banco Bradesco Price Performance

NYSE BBD opened at $3.90 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50 day moving average price is $3.85 and its 200-day moving average price is $3.59. Banco Bradesco has a 52-week low of $1.98 and a 52-week high of $4.28. The company has a market cap of $41.28 billion, a PE ratio of 9.99, a P/E/G ratio of 0.45 and a beta of 0.55.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Thursday, February 5th. The bank reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. The firm had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $6.68 billion. Sell-side analysts forecast that Banco Bradesco will post 0.37 EPS for the current fiscal year.

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.