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

Key Points

• Banco Bradesco declared a monthly dividend of $0.0031 per share, down 9.2% from $0.0035. The payment is scheduled for January 11 to shareholders of record December 3, implying an annualized dividend of about $0.04 and a 1.5% yield.
• The bank reported quarterly earnings of $0.12 per share on revenue of $7.75 billion, with a 12.58% net margin and 15.06% return on equity.
• BBDO shares traded at $2.46, near the bottom of their $2.30–$4.16 one-year range; several institutional investors, including Ritholtz Wealth Management and Renaissance Technologies, increased their holdings.

Banco Bradesco SA (NYSE:BBDO - Get Free Report) declared a monthly dividend on Thursday, November 5th. Investors of record on Thursday, December 3rd will be given a dividend of $0.0031 per share by the bank on Monday, January 11th. This represents a $0.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, December 3rd. This is a 9.2% decrease from Banco Bradesco's previous monthly dividend of $0.0035.

Banco Bradesco has raised its dividend payment by an average of 0.3% annually over the last three years.

Banco Bradesco Stock Performance

Shares of BBDO traded up $0.09 during mid-day trading on Friday, hitting $2.46. The company's stock had a trading volume of 195,506 shares, compared to its average volume of 89,999. Banco Bradesco has a one year low of $2.30 and a one year high of $4.16. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $26.04 billion, a PE ratio of 5.36 and a beta of 0.57. The stock's 50-day moving average is $3.20 and its two-hundred day moving average is $3.26.

Banco Bradesco (NYSE:BBDO - Get Free Report) last announced its earnings results on Thursday, October 22nd. The bank reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $7.75 billion for the quarter. Banco Bradesco had a net margin of 12.58% and a return on equity of 15.06%.

Hedge Funds Weigh In On Banco Bradesco

A number of institutional investors have recently modified their holdings of BBDO. Ritholtz Wealth Management raised its stake in shares of Banco Bradesco by 11.9% during the third quarter. Ritholtz Wealth Management now owns 274,947 shares of the bank's stock worth $847,000 after buying an additional 29,317 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Banco Bradesco by 198.9% in the 1st quarter. Renaissance Technologies LLC now owns 34,999 shares of the bank's stock worth $115,000 after purchasing an additional 23,289 shares during the last quarter. XXI Wealth LLC boosted its position in shares of Banco Bradesco by 156.1% in the 3rd quarter. XXI Wealth LLC now owns 33,666 shares of the bank's stock worth $104,000 after purchasing an additional 20,519 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Banco Bradesco by 160.5% during the first quarter. Cetera Investment Advisers now owns 29,490 shares of the bank's stock worth $97,000 after purchasing an additional 18,168 shares during the period. Finally, D Orazio & Associates Inc. boosted its holdings in Banco Bradesco by 12.4% during the third quarter. D Orazio & Associates Inc. now owns 144,036 shares of the bank's stock worth $444,000 after buying an additional 15,876 shares during the last quarter.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, by Amador Aguiar, Bradesco developed from a regional bank into one of Brazil's largest private-sector banking groups.

The company provides a broad range of financial products and services to individuals, businesses and institutional customers. Its activities include deposit accounts, consumer and commercial lending, credit and debit cards, payment services, investment banking, asset management, brokerage and wealth management.

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