Banco Bradesco SA (BBD) To Go Ex-Dividend on October 1st

Banco Bradesco SA (NYSE:BBD) declared a special dividend on Friday, September 19th. Stockholders of record on Wednesday, October 1st will be given a dividend of 0.0558 per share by the bank on Monday, May 11th. This represents a dividend yield of 430.0%. The ex-dividend date of this dividend is Wednesday, October 1st.

Banco Bradesco has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 9.3%.

Banco Bradesco Stock Up 0.9%

BBD opened at $3.30 on Monday. The company has a fifty day moving average price of $3.02 and a 200-day moving average price of $2.76. The firm has a market capitalization of $35.12 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 0.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. Banco Bradesco has a one year low of $1.84 and a one year high of $3.41.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $32.70 billion. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%. Equities research analysts expect that Banco Bradesco will post 0.37 earnings per share for the current fiscal 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.