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

Banco Bradesco S.A. (NYSE:BBDO) announced a monthly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Tuesday, September 5th will be given a dividend of 0.0035 per share by the bank on Tuesday, October 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, September 1st.

Banco Bradesco Stock Down 2.7 %

Banco Bradesco stock opened at $2.73 on Thursday. Banco Bradesco has a 1-year low of $2.12 and a 1-year high of $3.35. The firm has a market capitalization of $29.04 billion, a price-to-earnings ratio of 10.90 and a beta of 0.88. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 2.19. The firm has a 50 day simple moving average of $2.92 and a 200 day simple moving average of $2.65.

Banco Bradesco (NYSE:BBDO) last released its quarterly earnings data on Thursday, August 3rd. The bank reported $0.07 earnings per share for the quarter. Banco Bradesco had a net margin of 7.80% and a return on equity of 9.53%. The business had revenue of $9.83 billion during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Banco Bradesco during the 2nd quarter valued at $32,000. Envestnet Asset Management Inc. purchased a new position in Banco Bradesco in the third quarter worth $36,000. Jane Street Group LLC purchased a new position in Banco Bradesco in the first quarter worth $56,000. Northern Trust Corp grew its position in Banco Bradesco by 28.4% in the second quarter. Northern Trust Corp now owns 122,936 shares of the bank’s stock worth $370,000 after acquiring an additional 27,164 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Banco Bradesco by 1,852.2% in the fourth quarter. JPMorgan Chase & Co. now owns 145,481 shares of the bank’s stock worth $375,000 after acquiring an additional 138,029 shares in the last quarter. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.