Banco Bradesco S.A. (NYSE:BBD – Get Free Report) announced a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Shareholders of record on Monday, May 6th will be given a dividend of 0.0036 per share by the bank on Monday, June 10th. This represents a $0.04 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 3rd.
Banco Bradesco has raised its dividend payment by an average of 27.1% annually over the last three years. Banco Bradesco has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.49 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 8.2%.
Banco Bradesco Stock Performance
NYSE:BBD opened at $2.73 on Thursday. The stock’s fifty day moving average price is $2.79 and its two-hundred day moving average price is $3.03. Banco Bradesco has a 1 year low of $2.60 and a 1 year high of $3.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on BBD
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.
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