Banco Bradesco S.A. (NYSE:BBD – Get Free Report) declared a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Shareholders of record on Monday, May 6th will be paid a dividend of 0.0036 per share by the bank on Monday, June 10th. This represents a $0.04 dividend on an annualized basis 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% per year over the last three years and has increased its dividend every year for the last 2 years.
Banco Bradesco Stock Performance
NYSE BBD opened at $2.66 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $28.30 billion, a price-to-earnings ratio of 12.64 and a beta of 0.95. The firm’s 50 day simple moving average is $2.81 and its 200 day simple moving average is $3.04. Banco Bradesco has a 1 year low of $2.60 and a 1 year high of $3.68.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several equities analysts recently commented on BBD shares. HSBC downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Jefferies Financial Group cut shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price target for the company in a report on Tuesday, February 20th.
Get Our Latest Stock Analysis on BBD
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.
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