Banco Bradesco SA (NYSE:BBDO) Increases Dividend to $0.00 Per Share

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Tuesday, October 13th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.0035 per share by the bank on Friday, December 11th. This represents a $0.04 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 1.9% increase from Banco Bradesco’s previous monthly dividend of $0.0034.

Banco Bradesco has increased its dividend payment by an average of 0.3% annually over the last three years.

Banco Bradesco Stock Down 7.1%

Shares of BBDO stock traded down $0.27 during trading hours on Wednesday, reaching $3.56. 190,111 shares of the company’s stock were exchanged, compared to its average volume of 78,646. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.93. Banco Bradesco has a fifty-two week low of $2.71 and a fifty-two week high of $4.16. The company has a market cap of $37.71 billion, a price-to-earnings ratio of 8.49 and a beta of 0.48. The stock’s 50 day moving average is $3.22 and its 200-day moving average is $3.22.

About Banco Bradesco

Banco Bradesco SA is a Brazilian financial services company that provides banking and related products to individuals, businesses and institutional clients. Its services include checking and savings accounts, consumer and commercial lending, credit and debit cards, payment services, foreign exchange, investment products and wealth management.

Through its operating businesses, Bradesco also provides insurance, pension and capitalization products, as well as investment banking and asset management services.