Banco Bradesco SA Plans Monthly Dividend of $0.06 (NYSE:BBD)

Key Points

• Banco Bradesco declared a monthly dividend of $0.0569 per share, with the record/ex-dividend date on April 8 and payment scheduled for November 9, implying an annualized dividend yield of 19.5%.
• The dividend appears well-covered and stable: Bradesco's payout ratio is about 4.9% with average dividend growth of ~0.2% annually over the past three years, and analysts forecast $0.43 EPS next year (implying a future payout ratio around 4.7%).
• Shares recently traded at $3.50 (market cap ~$37.12B) with a trailing PE of 8.96; last quarter EPS was $0.11 (in line with estimates) while revenue of $5.52 billion missed analyst expectations of $6.68 billion.

Banco Bradesco SA (NYSE:BBD - Get Free Report) declared a monthly dividend on Thursday, March 26th. Stockholders of record on Wednesday, April 8th will be given a dividend of 0.0569 per share by the bank on Monday, November 9th. This represents a c) dividend on an annualized basis and a dividend yield of 19.5%. The ex-dividend date of this dividend is Wednesday, April 8th.

Banco Bradesco has increased its dividend payment 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

Shares of Banco Bradesco stock traded down $0.04 during trading on Friday, hitting $3.50. 18,341,085 shares of the company's stock traded hands, compared to its average volume of 42,323,871. The company has a market cap of $37.12 billion, a PE ratio of 8.96, a PEG ratio of 0.45 and a beta of 0.53. The firm's fifty day moving average price is $3.87 and its 200 day moving average price is $3.55. Banco Bradesco has a twelve month low of $1.98 and a twelve month high of $4.28. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The bank reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $6.68 billion. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. Analysts forecast that Banco Bradesco will post 0.37 earnings per share for the current year.

Banco Bradesco Company Profile

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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