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

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Wednesday, September 9th. Stockholders of record on Monday, October 5th will be given a dividend of 0.0037 per share by the bank on Tuesday, November 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, October 5th.

Banco Bradesco has raised its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE:BBD traded up $0.13 during trading on Thursday, reaching $3.56. 24,172,413 shares of the company’s stock traded hands, compared to its average volume of 35,243,645. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.48 and a quick ratio of 1.48. Banco Bradesco has a 12 month low of $2.98 and a 12 month high of $4.30. The company has a 50 day moving average of $3.42 and a 200-day moving average of $3.59. The stock has a market capitalization of $37.75 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.43 and a beta of 0.52.

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

About Banco Bradesco

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, the bank provides financial products and services to individual, business and corporate customers throughout Brazil.

Its activities include retail and commercial banking, corporate lending, deposits, payment services, credit and debit cards, investment products, asset management, leasing and consortium services. Through Bradesco Seguros, the group also offers insurance, pension and capitalization products.

Bradesco serves customers through a nationwide network of branches and digital channels, with operations focused primarily on Brazil and selected international activities designed to support Brazilian companies and clients abroad.