Banco Bradesco S.A. (NYSE:BBDO) to Issue Monthly Dividend of $0.04

Banco Bradesco S.A. (NYSE:BBDO) announced a monthly dividend on Monday, March 24th, Wall Street Journal reports. Shareholders of record on Wednesday, April 2nd will be paid a dividend of 0.0361 per share by the bank on Friday, November 7th. This represents a $0.43 annualized dividend and a dividend yield of 21.42%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a 1,092.7% increase from Banco Bradesco’s previous monthly dividend of $0.00303.

Banco Bradesco has decreased its dividend payment by an average of 15.5% annually over the last three years.

Banco Bradesco Stock Down 0.2 %

Shares of BBDO traded down $0.01 on Monday, hitting $2.03. The company’s stock had a trading volume of 17,897 shares, compared to its average volume of 36,657. The firm’s fifty day moving average price is $1.92 and its 200-day moving average price is $2.06. Banco Bradesco has a fifty-two week low of $1.71 and a fifty-two week high of $2.67. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 6.75 and a beta of 1.04.

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.