Banco Bradesco SA (NYSE:BBD) Increases Dividend to $0.04 Per Share

Banco Bradesco SA (NYSE:BBD) declared a dividend on Wednesday, June 19th, NASDAQ reports. Stockholders of record on Tuesday, July 2nd will be given a dividend of 0.037 per share by the bank on Monday, July 22nd. The ex-dividend date of this dividend is Monday, July 1st. This is an increase from Banco Bradesco’s previous dividend of $0.005.

Shares of Banco Bradesco stock traded down $0.30 during trading on Friday, hitting $9.98. 12,432,006 shares of the stock were exchanged, compared to its average volume of 10,533,545. The company has a fifty day moving average of $9.75. The stock has a market cap of $96.19 billion, a PE ratio of 14.06, a PEG ratio of 0.57 and a beta of 0.92. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. Banco Bradesco has a 12 month low of $5.41 and a 12 month high of $10.55.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Thursday, April 25th. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The business had revenue of $9.26 billion during the quarter, compared to analyst estimates of $6.51 billion. Banco Bradesco had a net margin of 15.96% and a return on equity of 18.75%. Sell-side analysts expect that Banco Bradesco will post 0.78 EPS for the current fiscal year.

A number of equities analysts recently issued reports on BBD shares. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Finally, Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Banco Bradesco has an average rating of “Hold” and an average price target of $10.29.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

Read More: Resistance Level

Dividend History for Banco Bradesco (NYSE:BBD)

Receive News & Ratings for Banco Bradesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco and related companies with's FREE daily email newsletter.