Banco Bradesco SA (BBDO) To Go Ex-Dividend on October 5th

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Wednesday, September 9th. Shareholders of record on Monday, October 5th will be given a dividend of 0.0034 per share by the bank on Tuesday, November 10th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, October 5th.

Banco Bradesco has raised its dividend payment by an average of 0.3%per year over the last three years.

Banco Bradesco Trading Up 1.6%

Shares of Banco Bradesco stock opened at $3.19 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.93. The company has a fifty day simple moving average of $3.13 and a 200-day simple moving average of $3.22. The stock has a market cap of $33.80 billion, a price-to-earnings ratio of 7.60 and a beta of 0.54. Banco Bradesco has a 12-month low of $2.65 and a 12-month high of $3.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Banco Bradesco during the 2nd quarter valued at approximately $33,000. Cetera Investment Advisers acquired a new stake in shares of Banco Bradesco in the 4th quarter worth approximately $32,000. Renaissance Technologies LLC purchased a new position in Banco Bradesco in the 4th quarter valued at approximately $34,000. Tocqueville Asset Management L.P. purchased a new position in Banco Bradesco in the 4th quarter valued at approximately $37,000. Finally, SmartHarvest Portfolios LLC acquired a new position in Banco Bradesco during the fourth quarter worth $39,000.

About Banco Bradesco

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, the institution has grown into one of Brazil’s major banking groups, serving individuals, businesses, corporate clients and public-sector organizations through a broad network of physical and digital channels.

Bradesco offers a range of financial products and services, including checking and savings accounts, consumer and commercial lending, credit and debit cards, payment solutions, investments, brokerage services, asset management and private banking.