Banco Bradesco S.A. (BBD) To Go Ex-Dividend on March 7th

Banco Bradesco S.A. (NYSE:BBD) declared a monthly dividend on Thursday, February 6th, NASDAQ Dividends reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.0033 per share by the bank on Friday, April 11th. This represents a $0.04 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, March 7th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.003.

Banco Bradesco has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Bradesco to earn $0.43 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 9.3%.

Banco Bradesco Price Performance

Shares of NYSE BBD opened at $1.97 on Wednesday. Banco Bradesco has a twelve month low of $1.84 and a twelve month high of $2.98. The company has a market cap of $20.91 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.32 and a beta of 0.94. The business’s 50 day moving average price is $2.01 and its two-hundred day moving average price is $2.33. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. On average, analysts predict that Banco Bradesco will post 0.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BBD shares. HSBC raised Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 target price for the company in a report on Monday, January 13th. JPMorgan Chase & Co. lowered shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group cut Banco Bradesco from a “buy” rating to a “sell” rating and dropped their price objective for the company from $2.40 to $2.00 in a report on Wednesday, February 12th.

About Banco Bradesco

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.