Banco Bradesco (NYSE:BBDO) Shares Gap Down – Here’s Why

Banco Bradesco S.A. (NYSE:BBDO) gapped down before the market opened on Friday . The stock had previously closed at $1.80, but opened at $1.76. Banco Bradesco shares last traded at $1.80, with a volume of 23,973 shares trading hands.

Banco Bradesco Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50 day moving average price is $2.05 and its 200 day moving average price is $2.21. The stock has a market capitalization of $19.04 billion, a P/E ratio of 6.88 and a beta of 1.11.

Banco Bradesco Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, August 11th. Shareholders of record on Friday, January 3rd will be given a $0.0329 dividend. This represents a yield of 11.2%. The ex-dividend date of this dividend is Friday, January 3rd. Banco Bradesco’s dividend payout ratio (DPR) is presently 7.69%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.