Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders of record on Thursday, April 3rd will be paid a dividend of 0.003 per share by the bank on Friday, May 9th. This represents a $0.04 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, April 3rd. This is a 1.7% increase from Banco Bradesco's previous monthly dividend of $0.002979.
Banco Bradesco has decreased its dividend by an average of 15.5% per year over the last three years.
Banco Bradesco Price Performance
NYSE:BBDO traded up $0.04 during trading hours on Friday, reaching $2.04. 131,632 shares of the company traded hands, compared to its average volume of 36,733. Banco Bradesco has a 1-year low of $1.71 and a 1-year high of $2.67. The firm's 50-day moving average is $1.92 and its 200-day moving average is $2.06. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The stock has a market cap of $21.66 billion, a P/E ratio of 6.78 and a beta of 1.04.
About Banco Bradesco
(
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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.
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