Banco Bradesco SA (NYSE:BBD) Plans Dividend Increase – $0.00 Per Share

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Thursday, September 3rd will be paid a dividend of 0.0037 per share by the bank on Thursday, October 8th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 3rd. This is a 0.5% increase from Banco Bradesco’s previous monthly dividend of $0.003702.

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 4.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Bradesco to earn $0.56 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 3.6%.

Banco Bradesco Stock Up 0.3%

Banco Bradesco stock traded up $0.01 during midday trading on Wednesday, hitting $3.22. 17,779,753 shares of the stock were exchanged, compared to its average volume of 35,995,109. Banco Bradesco has a 52-week low of $2.84 and a 52-week high of $4.30. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.93. The business’s 50-day moving average price is $3.48 and its 200-day moving average price is $3.70. The stock has a market capitalization of $34.12 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.41 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Tuesday, June 30th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a net margin of 10.55% and a return on equity of 14.61%. The firm had revenue of $6.77 billion for the quarter. On average, research analysts expect that Banco Bradesco will post 0.5 EPS for the current fiscal year.

Banco Bradesco Company Profile

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.