Banco Bradesco S.A. (BBD) To Go Ex-Dividend on October 2nd

Banco Bradesco S.A. (NYSE:BBD) announced a Variable dividend on Friday, September 20th, NASDAQ reports. Shareholders of record on Wednesday, October 2nd will be paid a dividend of 0.0359 per share by the bank on Wednesday, May 7th. This represents a yield of 7.5%. The ex-dividend date is Wednesday, October 2nd. This is an increase from Banco Bradesco’s previous Variable dividend of $0.003.

Banco Bradesco has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bradesco to earn $0.47 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 8.5%.

Banco Bradesco Trading Up 0.7 %

Banco Bradesco stock opened at $2.73 on Monday. Banco Bradesco has a 1 year low of $2.16 and a 1 year high of $3.65. The firm’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $2.59. The firm has a market cap of $29.10 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Monday, August 5th. The bank reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%. The business had revenue of $9.64 billion during the quarter, compared to the consensus estimate of $5.47 billion. On average, research analysts predict that Banco Bradesco will post 0.35 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating and upped their price target for the company from $2.50 to $3.20 in a research report on Monday, August 19th.

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.