Banco Bradesco S.A. (NYSE:BBDO) to Issue $0.00 Dividend

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) declared a dividend on Saturday, May 31st, investing.com reports. Shareholders of record on Thursday, June 5th will be given a dividend of 0.0019 per share by the bank on Wednesday, July 9th. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, June 4th.

Banco Bradesco has decreased its dividend payment by an average of 15.5% annually over the last three years.

Banco Bradesco Stock Performance

Shares of NYSE:BBDO traded down $0.03 on Wednesday, hitting $2.60. 83,795 shares of the company were exchanged, compared to its average volume of 47,361. The firm has a market capitalization of $27.67 billion, a P/E ratio of 8.67 and a beta of 0.76. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. Banco Bradesco has a 1-year low of $1.71 and a 1-year high of $2.69. The stock's 50 day moving average price is $2.21 and its 200 day moving average price is $2.02.

Banco Bradesco (NYSE:BBDO - Get Free Report) last posted its quarterly 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 11.43% and a net margin of 8.46%.

Hedge Funds Weigh In On Banco Bradesco

A hedge fund recently raised its stake in Banco Bradesco stock. Goldman Sachs Group Inc. increased its holdings in shares of Banco Bradesco S.A. (NYSE:BBDO - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 516,081 shares of the bank's stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

About Banco Bradesco

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.