Banco Bradesco S.A. (NYSE:BBDO) to Issue Dividend Increase – $0.00 Per Share

Banco Bradesco S.A. (NYSE:BBDO) declared a monthly dividend on Wednesday, October 23rd, Wall Street Journal reports. Shareholders of record on Tuesday, November 5th will be given a dividend of 0.003 per share by the bank on Thursday, December 12th. This represents a $0.04 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Tuesday, November 5th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.002353.

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

Banco Bradesco Price Performance

NYSE BBDO opened at $2.35 on Friday. The company has a market cap of $25.05 billion, a PE ratio of 10.22 and a beta of 1.14. The firm’s 50 day moving average price is $2.44 and its 200-day moving average price is $2.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76. Banco Bradesco has a 52-week low of $1.95 and a 52-week high of $3.21.

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