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

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Wednesday, November 5th. Shareholders of record on Wednesday, December 3rd will be given a dividend of 0.0035 per share by the bank on Friday, January 9th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a 1.6% increase from Banco Bradesco’s previous monthly dividend of $0.003472.

Banco Bradesco has decreased its dividend payment 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. 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 Trading Down 0.8%

BBD stock opened at $3.50 on Friday. The firm has a fifty day moving average price of $3.26 and a 200 day moving average price of $2.98. Banco Bradesco has a fifty-two week low of $1.84 and a fifty-two week high of $3.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $37.25 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.43 and a beta of 0.76.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Banco Bradesco had a net margin of 9.61% and a return on equity of 13.16%. The business had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $34.75 billion. Sell-side analysts anticipate that Banco Bradesco will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Bradesco

A number of large investors have recently bought and sold shares of the business. Northern Trust Corp increased its stake in shares of Banco Bradesco by 14.2% during the first quarter. Northern Trust Corp now owns 4,701,855 shares of the bank’s stock valued at $10,485,000 after buying an additional 584,838 shares during the period. Raymond James Financial Inc. grew its holdings in Banco Bradesco by 6.9% during the 1st quarter. Raymond James Financial Inc. now owns 1,803,157 shares of the bank’s stock worth $4,021,000 after acquiring an additional 116,422 shares in the last quarter. Earnest Partners LLC increased its position in Banco Bradesco by 2.5% during the 1st quarter. Earnest Partners LLC now owns 21,864,348 shares of the bank’s stock valued at $48,757,000 after purchasing an additional 528,442 shares during the period. American Century Companies Inc. raised its holdings in shares of Banco Bradesco by 6.4% in the 1st quarter. American Century Companies Inc. now owns 5,865,375 shares of the bank’s stock valued at $13,080,000 after purchasing an additional 351,829 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Banco Bradesco by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 5,048,938 shares of the bank’s stock worth $11,259,000 after purchasing an additional 2,178,928 shares during the period.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.