Banco Bradesco SA (BBD) To Go Ex-Dividend on July 7th

Banco Bradesco SA (NYSE:BBD) announced a dividend on Wednesday, June 24th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.067 per share by the bank on Monday, February 8th. This represents a dividend yield of 391.0%. The ex-dividend date of this dividend is Tuesday, July 7th.

Banco Bradesco has raised its dividend by an average of 0.2%per year over the last three years. Banco Bradesco has a payout ratio of 4.9% meaning 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 $0.02 annual dividend with an expected future payout ratio of 3.5%.

Banco Bradesco Trading Down 0.1%

BBD stock opened at $3.44 on Friday. Banco Bradesco has a 12-month low of $2.73 and a 12-month high of $4.30. The business’s 50-day moving average is $3.54 and its 200 day moving average is $3.68. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The stock has a market cap of $36.51 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.43 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Tuesday, March 31st. The bank reported $0.09 EPS for the quarter. The business had revenue of $1.50 billion during the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%. On average, sell-side analysts anticipate that Banco Bradesco will post 0.5 EPS for the current fiscal year.

Institutional Trading of Banco Bradesco

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Banco Bradesco by 100.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock worth $27,000 after purchasing an additional 4,353 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Banco Bradesco by 1,276.5% in the third quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after purchasing an additional 9,842 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in shares of Banco Bradesco in the second quarter valued at approximately $38,000. Checchi Capital Advisers LLC acquired a new stake in shares of Banco Bradesco in the fourth quarter valued at approximately $39,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Banco Bradesco in the fourth quarter valued at approximately $41,000.

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.