Banco Bradesco SA (NYSE:BBD) announced a monthly dividend on Thursday, April 20th. Shareholders of record on Tuesday, June 6th will be given a dividend of 0.006 per share by the bank on Tuesday, July 11th. This represents a $0.07 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, June 2nd.
Banco Bradesco SA has decreased its dividend by an average of 48.8% per year over the last three years and has raised its dividend every year for the last 3 years.
Shares of Banco Bradesco SA (NYSE:BBD) opened at 8.54 on Friday. The firm’s 50-day moving average price is $9.45 and its 200 day moving average price is $8.90. Banco Bradesco SA has a 1-year low of $5.55 and a 1-year high of $10.37. The stock has a market capitalization of $51.97 billion, a P/E ratio of 9.23 and a beta of 1.67.
Banco Bradesco SA (NYSE:BBD) last released its earnings results on Thursday, April 27th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $13.25 billion during the quarter. Banco Bradesco SA had a net margin of 10.43% and a return on equity of 17.58%. Analysts expect that Banco Bradesco SA will post $0.93 EPS for the current fiscal year.
BBD has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Scotiabank raised shares of Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.65.
Banco Bradesco SA Company Profile
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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