Banco Bradesco S.A. (BBD) To Go Ex-Dividend on March 7th

Banco Bradesco S.A. (NYSE:BBD) declared a dividend on Thursday, February 6th,NASDAQ Dividends reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.0033 per share by the bank on Friday, April 11th. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Banco Bradesco’s previous dividend of $0.003.

Banco Bradesco has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 10.0%.

Banco Bradesco Stock Performance

Shares of NYSE BBD traded down $0.13 during midday trading on Friday, hitting $2.11. 79,655,065 shares of the company’s stock were exchanged, compared to its average volume of 49,203,180. Banco Bradesco has a twelve month low of $1.84 and a twelve month high of $2.98. The firm has a market cap of $22.40 billion, a P/E ratio of 8.10, a PEG ratio of 0.28 and a beta of 0.94. The stock’s 50 day moving average price is $1.99 and its 200-day moving average price is $2.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. Equities research analysts anticipate that Banco Bradesco will post 0.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BBD. HSBC upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. cut shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Banco Bradesco from $3.20 to $2.30 and set a “buy” rating on the stock in a report on Friday, January 10th.

About Banco Bradesco

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.