Banco Bradesco S.A. (NYSE:BBD – Get Free Report) declared a monthly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Tuesday, November 5th will be paid a dividend of 0.002 per share by the bank on Thursday, December 12th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Tuesday, November 5th.
Banco Bradesco has a payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 8.5%.
Banco Bradesco Price Performance
NYSE:BBD traded down $0.02 during mid-day trading on Wednesday, reaching $2.62. 977,338 shares of the stock were exchanged, compared to its average volume of 21,386,412. The business has a fifty day moving average price of $2.74 and a 200 day moving average price of $2.57. The firm has a market capitalization of $27.93 billion, a PE ratio of 11.46, a PEG ratio of 0.30 and a beta of 0.97. Banco Bradesco has a 1-year low of $2.16 and a 1-year high of $3.65. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded Banco Bradesco from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $2.50 to $3.20 in a research report on Monday, August 19th.
View Our Latest Report 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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