Banco Bradesco SA (NYSE:BBD) Declares Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of 0.0035 per share by the bank on Friday, January 9th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a 1.6% increase from Banco Bradesco’s previous monthly dividend of $0.003472.

Banco Bradesco has decreased its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Bradesco to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 4.7%.

Banco Bradesco Stock Performance

BBD stock traded down $0.02 during trading on Thursday, reaching $3.52. 25,019,775 shares of the stock were exchanged, compared to its average volume of 43,862,480. The company has a market capitalization of $37.41 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.43 and a beta of 0.75. 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 has a twelve month low of $1.84 and a twelve month high of $3.55. The stock has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $2.98.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Wednesday, October 29th. The bank reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Banco Bradesco had a net margin of 9.61% and a return on equity of 13.16%. The firm had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $34.75 billion. As a group, sell-side analysts anticipate that Banco Bradesco will post 0.37 earnings per share for the current year.

Banco Bradesco Company Profile

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.