Banco Bradesco SA (BBD) to Issue Special Dividend of $0.07 on August 7th

Banco Bradesco SA (NYSE:BBD) announced a special dividend on Friday, December 19th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.0701 per share by the bank on Friday, August 7th. The ex-dividend date is Wednesday, December 31st.

Banco Bradesco has decreased 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 $0.43 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 4.7%.

Banco Bradesco Price Performance

Banco Bradesco stock opened at $3.32 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.12 and a quick ratio of 1.12. Banco Bradesco has a one year low of $1.85 and a one year high of $3.77. The firm has a market capitalization of $35.28 billion, a P/E ratio of 9.50, a PEG ratio of 0.37 and a beta of 0.57. The business has a fifty day moving average price of $3.47 and a 200-day moving average price of $3.19.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Banco Bradesco had a net margin of 9.61% and a return on equity of 12.95%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $34.75 billion. As a group, equities research analysts forecast that Banco Bradesco will post 0.37 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a research note on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.40.

Banco Bradesco Company Profile

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.