Banco Bradesco SA Announces — Dividend of $0.00 (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) announced a — dividend on Monday, January 13th, Wall Street Journal reports. Stockholders of record on Wednesday, February 5th will be paid a dividend of 0.0047 per share by the bank on Monday, March 9th. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 4th.

Banco Bradesco has decreased its dividend payment by an average of 47.6% annually over the last three years and has increased its dividend every year for the last 5 years. Banco Bradesco has a payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.86 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 5.8%.

Shares of BBD stock traded down $0.02 on Monday, reaching $8.35. The company had a trading volume of 11,038,658 shares, compared to its average volume of 13,464,645. The stock has a market cap of $67.23 billion, a PE ratio of 11.76, a PEG ratio of 0.56 and a beta of 0.80. The company has a 50-day moving average of $8.49 and a 200-day moving average of $8.64. Banco Bradesco has a 12 month low of $7.53 and a 12 month high of $10.55.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Banco Bradesco had a return on equity of 19.01% and a net margin of 16.84%. Analysts anticipate that Banco Bradesco will post 0.78 EPS for the current year.

BBD has been the subject of a number of research reports. ValuEngine raised Banco Bradesco from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. Zacks Investment Research cut Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Finally, UBS Group raised Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price 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.

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Dividend History for Banco Bradesco (NYSE:BBD)

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