Banco Bradesco S.A. Plans Monthly Dividend of $0.00 (NYSE:BBDO)

Banco Bradesco S.A. (NYSE:BBDO) declared a monthly dividend on Friday, September 20th, Wall Street Journal reports. Stockholders of record on Wednesday, October 2nd will be paid a dividend of 0.0032 per share by the bank on Wednesday, May 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, October 2nd.

Banco Bradesco has increased its dividend by an average of 26.7% annually over the last three years.

Banco Bradesco Price Performance

Shares of NYSE BBDO opened at $2.42 on Monday. The firm has a market cap of $25.79 billion, a P/E ratio of 10.52 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Banco Bradesco has a 1-year low of $1.95 and a 1-year high of $3.21. The business’s 50 day moving average is $2.37 and its 200-day moving average is $2.33.

Banco Bradesco (NYSE:BBDO) last announced its earnings results on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%. The company had revenue of $9.64 billion for the quarter.

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.