Banco Bradesco S.A. Plans Monthly Dividend of $0.00 (NYSE:BBD)

Banco Bradesco S.A. (NYSE:BBD - Get Free Report) declared a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.0036 per share by the bank on Monday, June 10th. This represents a $0.04 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, May 3rd.

Banco Bradesco has raised its dividend by an average of 7.9% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Banco Bradesco Stock Performance

Shares of NYSE BBD traded down $0.01 during midday trading on Wednesday, hitting $2.66. The company's stock had a trading volume of 20,035,159 shares, compared to its average volume of 16,907,297. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97. The firm's fifty day moving average price is $2.81 and its 200-day moving average price is $3.04. The firm has a market cap of $28.30 billion, a P/E ratio of 12.62 and a beta of 0.95. Banco Bradesco has a 1-year low of $2.60 and a 1-year high of $3.68.

Institutional Trading of Banco Bradesco

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its stake in shares of Banco Bradesco by 373.1% in the 1st quarter. Captrust Financial Advisors now owns 16,891 shares of the bank's stock worth $78,000 after acquiring an additional 13,321 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Banco Bradesco by 36.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,506 shares of the bank's stock worth $77,000 after purchasing an additional 4,407 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Banco Bradesco by 37.7% in the 4th quarter. Freedom Investment Management Inc. now owns 21,719 shares of the bank's stock worth $76,000 after purchasing an additional 5,950 shares in the last quarter. Balentine LLC raised its holdings in shares of Banco Bradesco by 31.2% in the 2nd quarter. Balentine LLC now owns 21,919 shares of the bank's stock worth $76,000 after purchasing an additional 5,209 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Banco Bradesco by 26.6% in the 1st quarter. Cerity Partners LLC now owns 23,944 shares of the bank's stock worth $63,000 after purchasing an additional 5,032 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BBD shares. HSBC lowered shares of Banco Bradesco from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. The Goldman Sachs Group raised shares of Banco Bradesco from a "sell" rating to a "neutral" rating and set a $2.80 target price for the company in a research note on Tuesday, February 20th. Finally, Jefferies Financial Group lowered shares of Banco Bradesco from a "buy" rating to a "hold" rating in a research note on Friday, February 9th.

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.