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 given 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 Stock Up 4.4%
Shares of BBDO stock traded up $0.12 on Tuesday, reaching $2.85. 47,042 shares of the company's stock traded hands, compared to its average volume of 47,787. The company has a market capitalization of $30.33 billion, a P/E ratio of 8.91 and a beta of 0.79. Banco Bradesco has a 12-month low of $1.71 and a 12-month high of $2.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.76 and a current ratio of 0.76. The business's 50 day moving average price is $2.46 and its two-hundred day moving average price is $2.10.
Banco Bradesco (NYSE:BBDO - Get Free Report) last released its earnings results on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a return on equity of 12.33% and a net margin of 9.08%.
Institutional Inflows and Outflows
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 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 516,081 shares of the bank's stock after acquiring an additional 181,299 shares during the period. Goldman Sachs Group Inc.'s holdings in Banco Bradesco were worth $1,073,000 as of its most recent SEC filing.
Banco Bradesco Company Profile
(
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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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