Banco Bradesco S.A. (NYSE:BBD) declared a — dividend on Monday, December 28th, Wall Street Journal reports. Investors of record on Wednesday, January 6th will be paid a dividend of 0.0036 per share by the bank on Monday, February 8th. This represents a yield of 3.1%. The ex-dividend date is Tuesday, January 5th.
Banco Bradesco has increased its dividend payment by 21.3% over the last three years. Banco Bradesco has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Bradesco to earn $0.49 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 8.2%.
Shares of NYSE BBD opened at $5.31 on Tuesday. The company has a 50 day simple moving average of $4.88 and a 200 day simple moving average of $4.15. The firm has a market cap of $46.92 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.04. Banco Bradesco has a 1 year low of $2.68 and a 1 year high of $8.47. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.73 and a quick ratio of 0.73.
A number of research analysts recently issued reports on BBD shares. Smith Barney Citigroup upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating in a report on Tuesday, October 27th. ValuEngine upgraded shares of Banco Bradesco from a “sell” rating to a “hold” rating in a report on Thursday, October 1st. BidaskClub raised shares of Banco Bradesco from a “hold” rating to a “buy” rating in a research report on Tuesday, December 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 27th. Finally, Zacks Investment Research raised shares of Banco Bradesco from a “strong sell” rating to a “hold” rating in a research report on Monday, November 2nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $5.75.
About Banco Bradesco
Banco Bradesco SA, together with its subsidiaries, provides various banking products and financial services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company offers checking and savings accounts, demand deposits, time deposits, and interbank deposits.
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