Banco Bradesco SA (NYSE:BBDO) Declares Special Dividend of $0.05

Banco Bradesco SA (NYSE:BBDO) declared a special dividend on Friday, September 19th. Shareholders of record on Wednesday, October 1st will be paid a dividend of 0.0507 per share by the bank on Monday, May 11th. This represents a yield of 490.0%. The ex-dividend date is Wednesday, October 1st.

Banco Bradesco Stock Up 1.6%

Shares of NYSE:BBDO opened at $2.89 on Monday. The stock has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $2.44. The stock has a market capitalization of $30.70 billion, a price-to-earnings ratio of 8.24 and a beta of 0.84. Banco Bradesco has a 12-month low of $1.71 and a 12-month high of $2.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63.

Banco Bradesco (NYSE:BBDO) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.10 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 12.96% and a net margin of 9.76%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. purchased a new position in Banco Bradesco during the first quarter valued at $26,000. Ritholtz Wealth Management purchased a new position in shares of Banco Bradesco in the second quarter worth $30,000. Farther Finance Advisors LLC raised its stake in shares of Banco Bradesco by 5,542.4% in the second quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank’s stock worth $30,000 after purchasing an additional 10,974 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in shares of Banco Bradesco in the first quarter worth $43,000. Finally, Savant Capital LLC purchased a new position in shares of Banco Bradesco in the second quarter worth $51,000.

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.