Banco Bradesco SA (BBD) to Issue Monthly Dividend of $0.00 on July 9th

Banco Bradesco SA (NYSE:BBD – Get Free Report) announced a monthly dividend on Monday, May 11th. Investors of record on Wednesday, June 3rd will be given a dividend of 0.0039 per share by the bank on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a 5.2% increase from Banco Bradesco’s previous monthly dividend of $0.003681.

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% meaning its dividend is sufficiently covered by earnings. Equities research 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%.

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Banco Bradesco Stock Performance

BBD opened at $3.65 on Wednesday. The stock has a market capitalization of $38.63 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.45 and a beta of 0.56. The company has a fifty day moving average of $3.80 and a 200 day moving average of $3.70. Banco Bradesco has a fifty-two week low of $2.66 and a fifty-two week high of $4.30. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16.

Banco Bradesco (NYSE:BBD – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%.The business had revenue of $1.50 billion during the quarter. As a group, sell-side analysts forecast that Banco Bradesco will post 0.5 earnings per share for the current fiscal year.

About Banco Bradesco

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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.

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