Banco Bradesco S.A. (NYSE:BBDO – Get Free Report) shares dropped 4.9% during mid-day trading on Wednesday . The stock traded as low as $1.85 and last traded at $1.85. Approximately 66,255 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 34,188 shares. The stock had previously closed at $1.94.
Banco Bradesco Stock Performance
The stock has a 50-day moving average price of $1.89 and a 200 day moving average price of $2.12. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 6.40 and a beta of 1.04. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.
Banco Bradesco Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be issued a $0.003 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.86%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Friday, March 7th. Banco Bradesco’s dividend payout ratio (DPR) is presently 6.67%.
Hedge Funds Weigh In On Banco Bradesco
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.
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