Banco Bradesco SA (NYSE:BBDO) to Issue $0.00 Dividend

Key Points

• Banco Bradesco SA declared a dividend of $0.0021 per share, scheduled for payment on September 11, with an ex-dividend date of August 5.
• The company's stock traded down 1.4% to $2.41 as of Tuesday, with a market capitalization of $25.59 billion.
• Goldman Sachs increased its ownership in Banco Bradesco by 54.2%, holding over 516,000 shares valued at approximately $1,073,000.

Banco Bradesco SA (NYSE:BBDO - Get Free Report) declared a dividend on Tuesday, July 29th, investing.com reports. Stockholders of record on Wednesday, August 6th will be given a dividend of 0.0021 per share by the bank on Thursday, September 11th. This represents a dividend yield of 1.01%. The ex-dividend date is Tuesday, August 5th.

Banco Bradesco Price Performance

NYSE:BBDO traded down $0.02 during trading hours on Wednesday, hitting $2.43. 36,965 shares of the company's stock traded hands, compared to its average volume of 40,979. The firm has a market cap of $25.87 billion, a P/E ratio of 7.60 and a beta of 0.80. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.63. The business's fifty day simple moving average is $2.57 and its two-hundred day simple moving average is $2.21. Banco Bradesco has a 52 week low of $1.71 and a 52 week high of $2.88.

Banco Bradesco (NYSE:BBDO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share for the quarter. Banco Bradesco had a net margin of 9.08% and a return on equity of 12.33%.

Hedge Funds Weigh In On Banco Bradesco

A hedge fund recently raised its stake in Banco Bradesco stock. Goldman Sachs Group Inc. grew its stake in shares of Banco Bradesco SA (NYSE:BBDO - Free Report) by 54.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 516,081 shares of the bank's stock after buying an additional 181,299 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Banco Bradesco were worth $1,073,000 at the end of the most recent 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.