Banco Bradesco SA (NYSE:BBD) Plans Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Wednesday, January 14th. Investors of record on Wednesday, February 4th will be paid a dividend of 0.0035 per share by the bank on Monday, March 9th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, February 4th. This is a 2.7% increase from Banco Bradesco’s previous monthly dividend of $0.003435.

Banco Bradesco has decreased its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a 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

Shares of BBD traded up $0.07 during trading hours on Thursday, hitting $3.52. The stock had a trading volume of 30,946,783 shares, compared to its average volume of 28,554,459. The stock has a market capitalization of $37.46 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.32 and a beta of 0.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average is $3.47 and its two-hundred day moving average is $3.23. Banco Bradesco has a 52 week low of $1.92 and a 52 week high of $3.77.

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). The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $34.75 billion. Banco Bradesco had a net margin of 9.61% and a return on equity of 12.95%. On average, analysts anticipate that Banco Bradesco will post 0.37 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Banco Bradesco presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.00.

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.