Banco Bradesco S.A. Announces Monthly Dividend of $0.00 (NYSE:BBDO)

Posted by on Oct 2nd, 2023

Banco Bradesco S.A. (NYSE:BBDO – Get Free Report) 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 annualized dividend and a yield of 1.56%. The ex-dividend date is Tuesday, October 3rd.

Banco Bradesco Stock Performance

Shares of BBDO stock opened at $2.68 on Monday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.72 and a current ratio of 0.70. Banco Bradesco has a fifty-two week low of $2.12 and a fifty-two week high of $3.35. The stock has a 50 day moving average price of $2.75 and a two-hundred day moving average price of $2.69. The company has a market capitalization of $28.56 billion, a P/E ratio of 10.72 and a beta of 0.92.

Banco Bradesco (NYSE:BBDO – Get Free Report) last announced its earnings results on Thursday, August 3rd. The bank reported $0.07 EPS for the quarter. The company had revenue of $9.83 billion during the quarter. Banco Bradesco had a return on equity of 9.53% and a net margin of 7.80%.

Institutional Investors Weigh In On Banco Bradesco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in Banco Bradesco by 5.0% in the fourth quarter. Morgan Stanley now owns 154,868 shares of the bank’s stock worth $400,000 after purchasing an additional 7,312 shares during the period. Ethic Inc. grew its stake in shares of Banco Bradesco by 25.1% in the first quarter. Ethic Inc. now owns 154,750 shares of the bank’s stock worth $365,000 after acquiring an additional 31,066 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Banco Bradesco by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 154,532 shares of the bank’s stock worth $365,000 after acquiring an additional 9,051 shares during the last quarter. Northern Trust Corp boosted its position in shares of Banco Bradesco by 11.8% during the second quarter. Northern Trust Corp now owns 138,498 shares of the bank’s stock valued at $378,000 after buying an additional 14,610 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Banco Bradesco by 324.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 50,585 shares of the bank’s stock valued at $131,000 after buying an additional 38,660 shares during the last quarter. 0.01% of the stock is owned by hedge funds and other institutional investors.

About Banco Bradesco

(Get Free Report)

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.

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Dividend History for Banco Bradesco (NYSE:BBDO)

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