Banco Bradesco SA (NYSE:BBD) Plans $0.00 Monthly Dividend

Key Points

• Banco Bradesco SA announced a monthly dividend of $0.0036 per share, with a dividend yield of 1.3%, payable to stockholders on November 10th.
• The bank has a low payout ratio of 9.8%, indicating that the dividend is well-supported by its earnings.
• Shares of Banco Bradesco opened at $3.39 and have seen a 52-week high of $3.41, reflecting positive trading performance.

Banco Bradesco SA (NYSE:BBD - Get Free Report) declared a monthly dividend on Friday, September 19th. Stockholders of record on Friday, October 3rd will be given a dividend of 0.0036 per share by the bank on Monday, November 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, October 3rd.

Banco Bradesco has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 9.3%.

Banco Bradesco Trading Up 1.2%

Shares of BBD opened at $3.39 on Wednesday. The stock has a fifty day moving average price of $3.04 and a two-hundred day moving average price of $2.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $36.08 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.46 and a beta of 0.76. Banco Bradesco has a 52-week low of $1.84 and a 52-week high of $3.41.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $32.70 billion. Analysts predict that Banco Bradesco will post 0.37 EPS for the current fiscal year.

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.

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