Banco Bradesco S.A. (NYSE:BBDO) to Issue Monthly Dividend of $0.04

Banco Bradesco S.A. (NYSE:BBDO) announced a monthly dividend on Monday, March 24th, Wall Street Journal reports. Stockholders of record on Wednesday, April 2nd will be paid a dividend of 0.0361 per share by the bank on Friday, November 7th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 21.42%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a 1,092.7% increase from Banco Bradesco’s previous monthly dividend of $0.00303.

Banco Bradesco has decreased its dividend by an average of 15.5% per year over the last three years.

Banco Bradesco Stock Down 0.2 %

Shares of NYSE:BBDO traded down $0.01 during midday trading on Monday, hitting $2.03. The stock had a trading volume of 17,897 shares, compared to its average volume of 36,657. The company has a market cap of $21.55 billion, a P/E ratio of 6.75 and a beta of 1.04. Banco Bradesco has a 12 month low of $1.71 and a 12 month high of $2.67. The business’s 50-day simple moving average is $1.92 and its 200-day simple moving average is $2.06. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.

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.