Banco Bradesco SA (NYSE:BBDO) Increases Dividend to $0.00 Per Share

Banco Bradesco SA (NYSE:BBDO) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.0035 per share by the bank on Friday, December 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 1.9% increase from Banco Bradesco’s previous monthly dividend of $0.0034.

Banco Bradesco has raised its dividend payment by an average of 0.3% per year over the last three years.

Banco Bradesco Stock Performance

Shares of NYSE BBDO traded down $0.27 during midday trading on Wednesday, hitting $3.56. The company’s stock had a trading volume of 190,111 shares, compared to its average volume of 78,646. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48. Banco Bradesco has a 1-year low of $2.71 and a 1-year high of $4.16. The firm’s fifty day moving average price is $3.22 and its 200-day moving average price is $3.22. The firm has a market cap of $37.78 billion, a P/E ratio of 8.49 and a beta of 0.48.

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.