Banco Bradesco SA (NYSE:BBD) announced a dividend on Wednesday, December 13th, NASDAQ reports. Shareholders of record on Wednesday, December 27th will be given a dividend of 0.192 per share by the bank on Thursday, March 15th. The ex-dividend date is Tuesday, December 26th. This is a boost from Banco Bradesco’s previous dividend of $0.005.
Banco Bradesco has decreased its dividend by an average of 48.8% annually over the last three years and has increased its dividend annually for the last 3 consecutive years.
Banco Bradesco (NYSE BBD) traded down $0.42 during mid-day trading on Thursday, reaching $9.86. 10,077,800 shares of the company’s stock were exchanged, compared to its average volume of 11,006,747. The firm has a market cap of $68,810.01, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.03 and a beta of 1.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.10 and a current ratio of 1.10. Banco Bradesco has a 12 month low of $7.15 and a 12 month high of $11.86.
Several analysts have recently weighed in on BBD shares. ValuEngine cut shares of Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Goldman Sachs Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research note on Monday, September 11th. Zacks Investment Research raised shares of Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Scotiabank cut shares of Banco Bradesco from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $12.40.
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About Banco Bradesco
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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