Banco Bradesco S.A. (BBDO) to Distribute Monthly Dividend of $0.00 on November 13th

Banco Bradesco S.A. (NYSE:BBDO) announced a monthly dividend on Tuesday, September 12th, Wall Street Journal reports. Shareholders of record on Wednesday, October 4th will be paid a dividend of 0.0035 per share by the bank on Monday, November 13th. 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 Tuesday, October 3rd.

Banco Bradesco Price Performance

BBDO stock opened at $2.71 on Thursday. 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 company has a market capitalization of $28.88 billion, a PE ratio of 10.84 and a beta of 0.92. The business’s fifty day moving average price is $2.84 and its 200 day moving average price is $2.67. Banco Bradesco has a 12-month low of $2.12 and a 12-month high of $3.35.

Banco Bradesco (NYSE:BBDO) last released its earnings results 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 firm had revenue of $9.83 billion for the quarter.

Hedge Funds Weigh In On Banco Bradesco

A number of institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley boosted its position in shares of Banco Bradesco by 5.0% during the 4th quarter. Morgan Stanley now owns 154,868 shares of the bank’s stock worth $400,000 after acquiring an additional 7,312 shares in the last quarter. Northern Trust Corp lifted its position in shares of Banco Bradesco by 11.8% during the 2nd quarter. Northern Trust Corp now owns 138,498 shares of the bank’s stock worth $378,000 after buying an additional 14,610 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Banco Bradesco by 1,852.2% in the 4th quarter. JPMorgan Chase & Co. now owns 145,481 shares of the bank’s stock valued at $375,000 after buying an additional 138,029 shares in the last quarter. Ethic Inc. grew its position in shares of Banco Bradesco by 25.1% in the 1st quarter. Ethic Inc. now owns 154,750 shares of the bank’s stock valued at $365,000 after buying an additional 31,066 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Banco Bradesco by 324.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 50,585 shares of the bank’s stock worth $131,000 after acquiring an additional 38,660 shares in the last quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

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; 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.