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

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.0034 per share by the bank on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 3rd. This is a 0.5% increase from Banco Bradesco’s previous monthly dividend of $0.003366.

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

Banco Bradesco Stock Up 2.6%

Shares of Banco Bradesco stock traded up $0.08 during trading on Wednesday, hitting $3.11. The company’s stock had a trading volume of 59,923 shares, compared to its average volume of 77,312. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48. The company has a fifty day simple moving average of $3.08 and a two-hundred day simple moving average of $3.29. The company has a market capitalization of $32.96 billion, a PE ratio of 7.40 and a beta of 0.55. Banco Bradesco has a 52 week low of $2.45 and a 52 week high of $3.80.

Institutional Investors Weigh In On Banco Bradesco

A number of institutional investors have recently made changes to their positions in BBDO. Franklin Resources Inc. raised its holdings in Banco Bradesco by 659,843.0% in the 3rd quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock worth $138,816,000 after acquiring an additional 47,370,132 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Banco Bradesco by 79.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock valued at $8,803,000 after purchasing an additional 1,360,089 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Banco Bradesco by 54.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock worth $1,073,000 after purchasing an additional 181,299 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Banco Bradesco by 33.5% in the 1st quarter. Kathmere Capital Management LLC now owns 261,787 shares of the bank’s stock worth $861,000 after purchasing an additional 65,621 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Banco Bradesco by 202.8% in the first quarter. Ritholtz Wealth Management now owns 217,530 shares of the bank’s stock worth $716,000 after purchasing an additional 145,684 shares during the last quarter.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.