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

Banco Bradesco SA (NYSE:BBDO) announced a monthly dividend on Tuesday, July 14th. Investors of record on Wednesday, August 5th will be paid a dividend of 0.0034 per share by the bank on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 5th.

Banco Bradesco has increased its dividend payment by an average of 0.3%per year over the last three years.

Banco Bradesco Price Performance

Shares of BBDO stock opened at $3.36 on Monday. The business’s fifty day moving average is $3.07 and its 200 day moving average is $3.28. 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 stock has a market cap of $35.61 billion, a price-to-earnings ratio of 8.62 and a beta of 0.56. Banco Bradesco has a twelve month low of $2.37 and a twelve month high of $3.80.

Banco Bradesco (NYSE:BBDO) last announced its quarterly earnings data on Wednesday, May 6th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 8.95%.The business had revenue of $13.07 billion during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BBDO. Franklin Resources Inc. increased its stake in Banco Bradesco by 659,843.0% during the 3rd quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock valued at $138,816,000 after purchasing an additional 47,370,132 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Banco Bradesco by 79.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock worth $8,803,000 after buying an additional 1,360,089 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock worth $1,073,000 after buying an additional 181,299 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Banco Bradesco by 202.8% in the first quarter. Ritholtz Wealth Management now owns 217,530 shares of the bank’s stock worth $716,000 after buying an additional 145,684 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in shares of Banco Bradesco by 33.5% during the first quarter. Kathmere Capital Management LLC now owns 261,787 shares of the bank’s stock valued at $861,000 after buying an additional 65,621 shares during the last quarter.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.