Banco Bradesco (NYSE:BBDO) Shares Gap Down – Here’s What Happened

Banco Bradesco S.A. (NYSE:BBDO)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $2.17, but opened at $2.11. Banco Bradesco shares last traded at $2.12, with a volume of 15,604 shares changing hands.

Banco Bradesco Stock Performance

The business has a 50-day moving average of $2.30 and a two-hundred day moving average of $2.28. The company has a market cap of $22.81 billion, a P/E ratio of 9.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be given a dividend of $0.003 per share. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is currently 8.70%.

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.