Banco Bradesco SA (BBD) To Go Ex-Dividend on October 5th

Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Wednesday, September 9th. Stockholders of record on Monday, October 5th will be given a dividend of 0.0037 per share by the bank on Tuesday, November 10th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, October 5th.

Banco Bradesco has raised its dividend payment by an average of 0.2%per year over the last three years. Banco Bradesco has a dividend payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Bradesco to earn $0.55 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 Trading Up 4.5%

BBD opened at $3.58 on Friday. Banco Bradesco has a 1-year low of $2.98 and a 1-year high of $4.30. The company has a market cap of $37.99 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.53 and a beta of 0.52. The company has a fifty day moving average price of $3.42 and a two-hundred day moving average price of $3.58. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.93.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Tuesday, June 30th. The bank reported $0.12 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%.The business had revenue of $6.77 billion for the quarter. Analysts predict that Banco Bradesco will post 0.5 EPS for the current fiscal year.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, the bank provides financial products and services to individual, business and corporate customers throughout Brazil.

Its activities include retail and commercial banking, corporate lending, deposits, payment services, credit and debit cards, investment products, asset management, leasing and consortium services. Through Bradesco Seguros, the group also offers insurance, pension and capitalization products.

Bradesco serves customers through a nationwide network of branches and digital channels, with operations focused primarily on Brazil and selected international activities designed to support Brazilian companies and clients abroad.