Banco Bradesco SA (NYSE:BBDO – Get Free Report) announced a monthly dividend on Thursday, November 5th. Stockholders of record on Thursday, December 3rd will be given a dividend of $0.0031 per share by the bank on Monday, January 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, December 3rd. This is a 9.2% decrease from Banco Bradesco’s previous monthly dividend of $0.0035.
Banco Bradesco has raised its dividend by an average of 0.3% per year over the last three years.
Banco Bradesco Stock Performance
NYSE:BBDO traded up $0.10 during trading hours on Friday, hitting $2.47. 229,726 shares of the company were exchanged, compared to its average volume of 90,187. 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 company’s 50 day moving average price is $3.20 and its 200-day moving average price is $3.26. Banco Bradesco has a 52-week low of $2.30 and a 52-week high of $4.16. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 5.37 and a beta of 0.57.
Banco Bradesco (NYSE:BBDO – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The bank reported $0.12 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 15.06% and a net margin of 12.58%. The firm had revenue of $7.75 billion during the quarter.
About Banco Bradesco
Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, by Amador Aguiar, Bradesco developed from a regional bank into one of Brazil’s largest private-sector banking groups.
The company provides a broad range of financial products and services to individuals, businesses and institutional customers. Its activities include deposit accounts, consumer and commercial lending, credit and debit cards, payment services, investment banking, asset management, brokerage and wealth management.
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