Banco Bradesco SA (BBD) to Issue Monthly Dividend of $0.00 on September 9th

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Tuesday, July 14th. Investors of record on Wednesday, August 5th will be given a dividend of 0.0037 per share by the bank on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 5th.

Banco Bradesco has increased its dividend payment by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Bradesco to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 14.0%.

Banco Bradesco Stock Down 0.1%

Shares of NYSE:BBD opened at $3.62 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. The firm has a market cap of $38.41 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.45 and a beta of 0.53. Banco Bradesco has a 12 month low of $2.73 and a 12 month high of $4.30. The company’s 50-day moving average price is $3.48 and its two-hundred day moving average price is $3.69.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The business had revenue of $1.50 billion for the quarter. As a group, research analysts forecast that Banco Bradesco will post 0.5 EPS for the current fiscal year.

Institutional Trading of Banco Bradesco

A number of institutional investors have recently bought and sold shares of BBD. Global Wealth Strategies & Associates acquired a new position in shares of Banco Bradesco in the 2nd quarter valued at $38,000. Bank of America Corp DE increased its holdings in Banco Bradesco by 355.9% in the first quarter. Bank of America Corp DE now owns 28,078,599 shares of the bank’s stock valued at $102,487,000 after purchasing an additional 21,920,074 shares during the last quarter. Amundi increased its holdings in Banco Bradesco by 20.0% in the first quarter. Amundi now owns 24,583,083 shares of the bank’s stock valued at $89,728,000 after purchasing an additional 4,099,099 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Banco Bradesco by 62.1% in the first quarter. EverSource Wealth Advisors LLC now owns 15,858 shares of the bank’s stock valued at $58,000 after buying an additional 6,074 shares during the period. Finally, Royal Bank of Canada lifted its stake in Banco Bradesco by 13.5% in the first quarter. Royal Bank of Canada now owns 358,051 shares of the bank’s stock valued at $1,307,000 after buying an additional 42,496 shares during the period.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.