Banco Bradesco S.A. (NYSE:BBD - Get Free Report) announced a -- dividend on Monday, December 23rd,Wall Street Journal reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.0362 per share by the bank on Monday, August 11th. This represents a dividend yield of 6.2%. The ex-dividend date is Friday, January 3rd.
Banco Bradesco has a dividend payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 10.0%.
Banco Bradesco Trading Down 1.6 %
Shares of Banco Bradesco stock traded down $0.03 during trading on Monday, hitting $1.90. 19,863,627 shares of the company were exchanged, compared to its average volume of 23,540,424. The firm has a market capitalization of $20.22 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 0.32 and a beta of 0.94. The firm's fifty day moving average price is $2.33 and its 200 day moving average price is $2.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. Banco Bradesco has a 1-year low of $1.84 and a 1-year high of $3.56.
Banco Bradesco (NYSE:BBD - Get Free Report) last issued its earnings results on Thursday, October 31st. The bank reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $5.62 billion. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. As a group, sell-side analysts expect that Banco Bradesco will post 0.33 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. downgraded Banco Bradesco from an "overweight" rating to a "neutral" rating in a research note on Monday, November 25th.
Read Our Latest Analysis on Banco Bradesco
Banco Bradesco Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Banco Bradesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Bradesco wasn't on the list.
While Banco Bradesco currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
