Banco Bradesco (BBD) Declares $0.01 Special Dividend

Banco Bradesco (NYSE:BBD) announced a special dividend on Friday, April 13th, Wall Street Journal reports. Investors of record on Friday, May 4th will be given a dividend of 0.0056 per share by the bank on Friday, June 8th. This represents a yield of 0.7%. The ex-dividend date is Thursday, May 3rd.

BBD stock opened at $9.87 on Friday. The stock has a market capitalization of $74,954.73, a P/E ratio of 11.36, a P/E/G ratio of 0.61 and a beta of 1.84. Banco Bradesco has a fifty-two week low of $7.83 and a fifty-two week high of $13.18.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, February 1st. The bank reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. The business had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $8.20 billion. Banco Bradesco had a net margin of 9.87% and a return on equity of 17.44%. analysts forecast that Banco Bradesco will post 0.84 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the stock. JPMorgan Chase raised shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. Citigroup raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. ValuEngine raised shares of Banco Bradesco from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Banco Bradesco has an average rating of “Buy” and a consensus price target of $12.20.

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Banco Bradesco Company Profile

Banco Bradesco SA provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates in two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.

Dividend History for Banco Bradesco (NYSE:BBD)

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