BANCO DO BRASIL/S (OTCMKTS:BDORY) Raises Dividend to $0.04 Per Share

BANCO DO BRASIL/S (OTCMKTS:BDORY) announced a dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.0408 per share by the financial services provider on Monday, March 31st. The ex-dividend date is Thursday, March 13th. This is an increase from BANCO DO BRASIL/S’s previous dividend of $0.02.

BANCO DO BRASIL/S Trading Up 0.2 %

BDORY stock traded up $0.01 during trading on Friday, reaching $5.00. 144,663 shares of the stock were exchanged, compared to its average volume of 836,552. The firm’s 50 day moving average is $4.40 and its 200 day moving average is $4.64. BANCO DO BRASIL/S has a twelve month low of $3.72 and a twelve month high of $6.23. The firm has a market cap of $28.65 billion, a P/E ratio of 4.42, a price-to-earnings-growth ratio of 1.71 and a beta of 1.03.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $14.73 billion for the quarter. BANCO DO BRASIL/S had a return on equity of 18.68% and a net margin of 12.34%. As a group, analysts predict that BANCO DO BRASIL/S will post 0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BDORY has been the subject of several research reports. The Goldman Sachs Group lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. Citigroup lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.