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

Banco Bradesco S.A. (NYSE:BBDO)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $1.88, but opened at $1.81. Banco Bradesco shares last traded at $1.80, with a volume of 13,556 shares traded.

Banco Bradesco Stock Performance

The stock has a 50-day simple moving average of $2.10 and a 200-day simple moving average of $2.22. The stock has a market cap of $19.08 billion, a PE ratio of 6.88 and a beta of 1.11. 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 issued a $0.003 dividend. The ex-dividend date is Wednesday, December 4th. 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 2.01%. Banco Bradesco’s dividend payout ratio is currently 7.69%.

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.