Banco Bradesco SA (NYSE:BBD) to Issue $0.00 Monthly Dividend

Banco Bradesco SA (NYSE:BBD) declared a monthly dividend on Friday, December 19th. Investors of record on Tuesday, January 6th will be paid a dividend of 0.0034 per share by the bank on Monday, February 9th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, January 6th.

Banco Bradesco has decreased its dividend by an average of 0.2%per year over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. 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 $0.02 annual dividend with an expected future payout ratio of 4.7%.

Banco Bradesco Trading Up 1.1%

Shares of Banco Bradesco stock opened at $3.37 on Friday. The company has a market capitalization of $35.81 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 0.32 and a beta of 0.54. The stock has a fifty day simple moving average of $3.47 and a 200 day simple moving average of $3.20. Banco Bradesco has a 12-month low of $1.85 and a 12-month high of $3.77. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.64.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, October 30th. 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 return on equity of 12.95% and a net margin of 9.61%.The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $34.75 billion. On average, sell-side analysts anticipate that Banco Bradesco will post 0.37 earnings per share for the current fiscal year.

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.