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

Banco Bradesco S.A. (NYSE:BBD) declared a dividend on Thursday, February 6th,NASDAQ Dividends reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.0033 per share by the bank on Friday, April 11th. The ex-dividend date is Friday, March 7th. This is an increase from Banco Bradesco’s previous dividend of $0.003.

Banco Bradesco has a dividend payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banco Bradesco to earn $0.40 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 10.0%.

Banco Bradesco Stock Performance

Shares of BBD traded down $0.13 during midday trading on Friday, reaching $2.11. The stock had a trading volume of 79,655,065 shares, compared to its average volume of 49,203,180. The firm has a 50 day simple moving average of $1.99 and a 200-day simple moving average of $2.38. Banco Bradesco has a one year low of $1.84 and a one year high of $2.98. The firm has a market cap of $22.40 billion, a PE ratio of 8.10, a P/E/G ratio of 0.28 and a beta of 0.94. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. As a group, sell-side analysts anticipate that Banco Bradesco will post 0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BBD. JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a report on Monday, November 25th. The Goldman Sachs Group reduced their target price on shares of Banco Bradesco from $3.20 to $2.30 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, HSBC upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price objective for the company in a research note on Monday, January 13th.

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.