Banco Bradesco SA (NYSE:BBDO – Get Free Report) announced a monthly dividend on Tuesday, July 14th. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.0034 per share by the bank on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, August 5th.
Banco Bradesco has raised its dividend by an average of 0.3%per year over the last three years.
Banco Bradesco Stock Performance
Shares of BBDO opened at $3.19 on Thursday. The firm has a 50-day moving average of $3.06 and a 200-day moving average of $3.26. Banco Bradesco has a one year low of $2.37 and a one year high of $3.80. The company has a market cap of $33.77 billion, a PE ratio of 8.17 and a beta of 0.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Banco Bradesco currently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on Banco Bradesco
Banco Bradesco Company Profile
Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.
The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.
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