Banco Bradesco SA (BBDO) to Issue Dividend Increase – $0.05 Per Share

Banco Bradesco SA (NYSE:BBDO) announced a special dividend on Thursday, June 22nd, Wall Street Journal reports. Shareholders of record on Thursday, July 6th will be given a dividend of 0.0518 per share by the bank on Monday, July 24th. The ex-dividend date of this dividend is Monday, July 3rd. This is a positive change from Banco Bradesco SA’s previous special dividend of $0.00543.

Shares of Banco Bradesco SA (BBDO) opened at 9.213 on Tuesday. The stock has a market capitalization of $56.06 billion, a PE ratio of 10.375 and a beta of 1.71. The firm has a 50-day moving average of $8.37 and a 200 day moving average of $9.45. Banco Bradesco SA has a 52-week low of $6.91 and a 52-week high of $10.00.

Banco Bradesco SA (NYSE:BBDO) last announced its quarterly earnings results on Thursday, April 27th. The bank reported $0.27 earnings per share for the quarter. Banco Bradesco SA had a net margin of 9.08% and a return on equity of 18.06%. The business had revenue of $13.25 billion during the quarter.

Separately, ValuEngine lowered shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th.

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Dividend History for Banco Bradesco SA (NYSE:BBDO)

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