Banco Bradesco S.A. (BBDO) to Issue Monthly Dividend of $0.04 on November 7th

Banco Bradesco S.A. (NYSE:BBDO) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Wednesday, April 2nd will be given a dividend of 0.0361 per share by the bank on Friday, November 7th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 20.86%. The ex-dividend date is Wednesday, April 2nd. This is a 1,092.7% increase from Banco Bradesco’s previous monthly dividend of $0.00303.

Banco Bradesco has decreased its dividend payment by an average of 15.5% per year over the last three years.

Banco Bradesco Trading Down 0.5 %

NYSE BBDO opened at $2.08 on Monday. The stock has a market cap of $22.13 billion, a P/E ratio of 6.93 and a beta of 1.04. The company’s fifty day simple moving average is $1.95 and its 200-day simple moving average is $2.05. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. Banco Bradesco has a 52 week low of $1.71 and a 52 week high of $2.67.

About Banco Bradesco

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.