Banco Bradesco SA (NYSE:BBD) declared a dividend on Wednesday, December 13th, NASDAQ reports. Shareholders of record on Wednesday, December 27th will be paid a dividend of 0.192 per share by the bank on Thursday, March 15th. The ex-dividend date is Tuesday, December 26th. This is an increase from Banco Bradesco’s previous dividend of $0.005.
Banco Bradesco has decreased its dividend by an average of 48.8% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.
Banco Bradesco (NYSE:BBD) traded down $0.42 on Thursday, hitting $9.86. The stock had a trading volume of 10,077,800 shares, compared to its average volume of 11,006,747. Banco Bradesco has a 1 year low of $7.15 and a 1 year high of $11.86. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $68,810.01, a PE ratio of 10.78, a P/E/G ratio of 1.03 and a beta of 1.72.
BBD has been the subject of several research analyst reports. ValuEngine upgraded Banco Bradesco from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Goldman Sachs Group raised Banco Bradesco from a “neutral” rating to a “buy” rating and set a $12.40 target price for the company in a research report on Monday, September 11th. Zacks Investment Research lowered Banco Bradesco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Scotiabank lowered Banco Bradesco from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 5th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $12.40.
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About Banco Bradesco
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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