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

Banco Bradesco S.A. (NYSE:BBD - Get Free Report) declared a monthly dividend on Monday, October 21st, Zacks reports. Shareholders of record on Tuesday, November 5th will be given a dividend of 0.002 per share by the bank on Thursday, December 12th. This represents a $0.02 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Tuesday, November 5th.

Banco Bradesco has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.47 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 8.5%.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock traded down $0.02 during mid-day trading on Wednesday, hitting $2.62. 28,941,919 shares of the stock were exchanged, compared to its average volume of 21,522,826. Banco Bradesco has a 12 month low of $2.16 and a 12 month high of $3.65. The company has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $2.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $27.93 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.30 and a beta of 0.97.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The bank reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The company had revenue of $9.64 billion for the quarter, compared to analysts' expectations of $5.47 billion. Banco Bradesco had a net margin of 6.68% and a return on equity of 9.88%. Sell-side analysts anticipate that Banco Bradesco will post 0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Banco Bradesco from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $2.50 to $3.20 in a report on Monday, August 19th.

Banco Bradesco Company Profile

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.