Banco Bradesco S.A. (BBD) To Go Ex-Dividend on November 5th

Banco Bradesco S.A. (NYSE:BBD) declared a monthly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Tuesday, November 5th will be given a dividend of 0.002 per share by the bank on Thursday, December 12th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, November 5th.

Banco Bradesco has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE:BBD traded down $0.02 on Wednesday, reaching $2.62. 977,338 shares of the company were exchanged, compared to its average volume of 21,386,412. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Banco Bradesco has a 1-year low of $2.16 and a 1-year high of $3.65. The firm has a market cap of $27.93 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.30 and a beta of 0.97. The company has a 50-day moving average of $2.74 and a 200-day moving average of $2.57.

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2.50 to $3.20 in a research report on Monday, August 19th.

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; 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.