Banco Bradesco SA (NYSE:BBD) Raises Dividend to $0.00 Per Share

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Monday, May 11th. Stockholders 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) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 3rd. This is a 5.2% increase from Banco Bradesco’s previous monthly dividend of $0.003681.

Banco Bradesco has increased its dividend payment by an average of 0.2%annually over the last three years. Banco Bradesco has a 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 Price Performance

Shares of NYSE:BBD traded down $0.01 during midday trading on Tuesday, hitting $3.65. The company’s stock had a trading volume of 20,906,175 shares, compared to its average volume of 39,322,352. The company has a market cap of $38.63 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.47 and a beta of 0.56. Banco Bradesco has a 12-month low of $2.66 and a 12-month high of $4.30. The business’s 50 day simple moving average is $3.81 and its 200 day simple moving average is $3.69. 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) last released its earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. The business had revenue of $1.50 billion for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. On average, analysts forecast that Banco Bradesco will post 0.49 EPS for the current year.

About Banco Bradesco

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.