Banco Bradesco S.A. Plans Monthly Dividend of $0.00 (NYSE:BBDO)

Banco Bradesco S.A. (NYSE:BBDO) announced a monthly dividend on Tuesday, September 24th, Wall Street Journal reports. Investors of record on Thursday, October 3rd will be paid a dividend of 0.0032 per share by the bank on Friday, November 8th. This represents a $0.04 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, October 3rd.

Banco Bradesco has increased its dividend by an average of 26.7% annually over the last three years.

Banco Bradesco Trading Up 1.9 %

Shares of BBDO traded up $0.04 during trading hours on Tuesday, reaching $2.36. 7,665 shares of the company traded hands, compared to its average volume of 21,662. Banco Bradesco has a 12 month low of $1.95 and a 12 month high of $3.21. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average price is $2.36 and its two-hundred day moving average price is $2.34. The company has a market capitalization of $25.15 billion, a price-to-earnings ratio of 10.26 and a beta of 1.14.

Banco Bradesco (NYSE:BBDO) last released its quarterly earnings results on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter. The company had revenue of $9.64 billion for the quarter. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%.

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.