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

Banco Bradesco SA (NYSE: BBDO – Get Rating) declared a monthly dividend on Friday, May 13th, Wall Street Journal reports. Investors of record on Friday, June 3rd will be paid a dividend of 0.0033 per share by the bank on Friday, July 8th. This represents a $0.04 dividend on an annual basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, June 2nd. This is an increase from Banco Bradesco’s previous monthly dividend of $0.001818181818182.

Shares of NYSE:BBDO opened at $3.01 on Friday. Banco Bradesco has a 1 year low of $2.54 and a 1 year high of $4.42. The company has a market cap of $32.18 billion, a PE ratio of 7.66 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.56 and a quick ratio of 1.44. The stock’s 50-day moving average is $3.22 and its 200 day moving average is $3.01.

Banco Bradesco (NYSE:BBDO – Get Rating) last posted its quarterly earnings data on Tuesday, February 8th. The bank reported $0.11 earnings per share for the quarter. The business had revenue of $6.21 billion for the quarter. Banco Bradesco had a return on equity of 17.68% and a net margin of 19.74%.

A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its position in Banco Bradesco by 9.4% during the 4th quarter. Northern Trust Corp now owns 120,772 shares of the bank’s stock valued at $350,000 after acquiring an additional 10,355 shares in the last quarter. Morgan Stanley boosted her position in Banco Bradesco by 8.6% during the 2nd quarter. Morgan Stanley now owns 116,850 shares of the bank’s stock valued at $509,000 after acquiring an additional 9,229 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Banco Bradesco during the 3rd quarter valued at approximately $185,000.

Banco Bradesco Company Profile (Get Rating)

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 segment, 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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.

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Dividend History for Banco Bradesco (NYSE:BBDO)

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