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Banco Bradesco SA (NYSE:BBDO) Declares Dividend Increase - $0.03 Per Share

Banco Bradesco logo with Finance background

Banco Bradesco SA (NYSE:BBDO - Get Free Report) announced a dividend on Tuesday, July 1st, investing.com reports. Stockholders of record on Thursday, July 3rd will be paid a dividend of 0.0319 per share by the bank on Tuesday, February 10th. This represents a dividend yield of 14.01%. The ex-dividend date of this dividend is Wednesday, July 2nd. This is a 1,559.8% increase from Banco Bradesco's previous dividend of $0.00192.

Banco Bradesco Trading Down 0.4%

NYSE BBDO traded down $0.01 during trading hours on Friday, hitting $2.64. The company's stock had a trading volume of 51,557 shares, compared to its average volume of 48,215. Banco Bradesco has a twelve month low of $1.71 and a twelve month high of $2.88. The firm has a market capitalization of $28.10 billion, a P/E ratio of 8.25 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 stock has a fifty day moving average of $2.50 and a 200 day moving average of $2.12.

Banco Bradesco (NYSE:BBDO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The bank reported $0.09 EPS 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. raised its stake in shares of Banco Bradesco SA (NYSE:BBDO - Free Report) by 54.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period.

About Banco Bradesco

(Get Free Report)

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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Dividend History for Banco Bradesco (NYSE:BBDO)

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