Banco Bradesco SA (BBD) To Go Ex-Dividend on December 3rd

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Thursday, November 5th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.0035 per share by the bank on Monday, January 11th. This represents a $0.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, December 3rd. This is a 9.2% decrease from Banco Bradesco’s previous monthly dividend of $0.0038.

Banco Bradesco has increased its dividend payment by an average of 0.2% per year over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.50 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 4.0%.

Banco Bradesco Trading Up 1.4%

BBD stock opened at $2.54 on Friday. The company has a market capitalization of $26.92 billion, a PE ratio of 5.53, a P/E/G ratio of 0.46 and a beta of 0.56. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s 50-day moving average is $3.51 and its 200 day moving average is $3.62. Banco Bradesco has a 12 month low of $2.44 and a 12 month high of $4.58.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Friday, October 23rd. The bank reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Banco Bradesco had a net margin of 12.58% and a return on equity of 15.06%. The firm had revenue of $6.32 billion during the quarter, compared to analyst estimates of $7.52 billion. On average, research analysts anticipate that Banco Bradesco will post 0.49 EPS for the current year.

Banco Bradesco Company Profile