Banco Bradesco SA (NYSE:BBD) Increases Dividend to $0.00 Per Share

Key Points

• Banco Bradesco announced a monthly dividend of $0.0037 per share, payable June 8 to shareholders of record on May 6, representing an annualized yield of about 1.1% and a 0.1% increase from the prior monthly payout.
• The dividend appears well covered with a payout ratio around 4.9%
• Shares traded at $3.90 (up $0.19) with a market cap near $41.3 billion and a P/E of about 9.99, and a 12‑month trading range of $1.98–$4.28, indicating a relatively low valuation versus peers.

Banco Bradesco SA (NYSE:BBD - Get Free Report) announced a monthly dividend on Tuesday, April 7th. Shareholders of record on Wednesday, May 6th will be paid a dividend of 0.0037 per share by the bank on Monday, June 8th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, May 6th. This is a 0.1% increase from Banco Bradesco's previous monthly dividend of $0.003677.

Banco Bradesco has increased its dividend by an average of 0.2%annually over the last three years. Banco Bradesco has a payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Bradesco to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 4.7%.

Banco Bradesco Price Performance

BBD traded up $0.19 during trading on Wednesday, hitting $3.90. The company's stock had a trading volume of 47,552,696 shares, compared to its average volume of 41,743,922. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Banco Bradesco has a twelve month low of $1.98 and a twelve month high of $4.28. The business's fifty day simple moving average is $3.85 and its 200 day simple moving average is $3.58. The firm has a market capitalization of $41.28 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 0.45 and a beta of 0.55.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $6.68 billion. On average, equities research analysts forecast that Banco Bradesco will post 0.37 EPS for the current fiscal year.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil's largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil's retail and corporate credit markets.

The company's product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.

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