Banco Bradesco S.A. (NYSE:BBD) Declares Dividend of $0.00

Banco Bradesco S.A. (NYSE:BBD) declared a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Wednesday, December 4th will be paid a dividend of 0.0033 per share by the bank on Thursday, January 9th. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from Banco Bradesco’s previous dividend of $0.003.

Banco Bradesco has a payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.45 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 8.9%.

Banco Bradesco Price Performance

BBD traded down $0.03 on Thursday, hitting $2.39. 32,454,657 shares of the company’s stock were exchanged, compared to its average volume of 27,757,748. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average of $2.68 and a two-hundred day moving average of $2.56. Banco Bradesco has a twelve month low of $2.16 and a twelve month high of $3.65.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Thursday, October 31st. The bank reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $5.62 billion. On average, analysts expect that Banco Bradesco will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating and boosted their target price for the company from $2.50 to $3.20 in a research note on Monday, August 19th.

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.