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

Banco Bradesco S.A. (NYSE:BBD) declared a monthly dividend on Wednesday, April 17th, Wall Street Journal reports. Shareholders of record on Monday, May 6th will be paid a dividend of 0.0036 per share by the bank on Monday, June 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, May 3rd.

Banco Bradesco has raised its dividend payment by an average of 7.9% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

Banco Bradesco Stock Down 0.4 %

Shares of BBD traded down $0.01 during trading on Wednesday, reaching $2.65. The company’s stock had a trading volume of 18,189,764 shares, compared to its average volume of 16,859,084. The company has a fifty day moving average of $2.81 and a two-hundred day moving average of $3.04. Banco Bradesco has a twelve month low of $2.60 and a twelve month high of $3.68. The company has a market cap of $28.24 billion, a price-to-earnings ratio of 12.62 and a beta of 0.95. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84.

Analysts Set New Price Targets

BBD has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 target price on the stock in a research report on Tuesday, February 20th. Jefferies Financial Group lowered Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, HSBC lowered Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Natixis bought a new position in Banco Bradesco during the 4th quarter worth $26,000. CI Private Wealth LLC bought a new position in shares of Banco Bradesco in the fourth quarter worth $32,000. Prudential Financial Inc. bought a new position in Banco Bradesco during the first quarter valued at about $57,000. Mercer Global Advisors Inc. ADV boosted its stake in Banco Bradesco by 35.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 14,768 shares of the bank’s stock valued at $54,000 after buying an additional 3,849 shares in the last quarter. Finally, Creative Planning boosted its stake in Banco Bradesco by 27.6% during the second quarter. Creative Planning now owns 15,319 shares of the bank’s stock valued at $50,000 after buying an additional 3,312 shares in the last quarter.

Banco Bradesco Company Profile

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.