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

Banco Bradesco S.A. (NYSE:BBD) declared a dividend on Wednesday, October 2nd, investing.com reports. Stockholders of record on Friday, October 4th will be paid a dividend of 0.0026 per share by the bank on Friday, November 8th. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, October 3rd.

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 Stock Up 3.9 %

NYSE:BBD traded up $0.10 during trading hours on Wednesday, reaching $2.77. The company had a trading volume of 30,229,814 shares, compared to its average volume of 20,816,270. The firm has a market cap of $29.52 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.29 and a beta of 0.97. The business’s 50-day simple moving average is $2.67 and its two-hundred day simple moving average is $2.59. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62. Banco Bradesco has a twelve month low of $2.16 and a twelve month high of $3.65.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Banco Bradesco had a net margin of 6.68% and a return on equity of 9.88%. The firm had revenue of $9.64 billion for the quarter, compared to analyst estimates of $5.47 billion. On average, equities analysts expect that Banco Bradesco will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2.50 to $3.20 in a 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.