Banco Bradesco (NYSE:BBDO) Shares Gap Up After Dividend Announcement

Banco Bradesco S.A. (NYSE:BBDO) shares gapped up before the market opened on Tuesday following a dividend announcement from the company. The stock had previously closed at $2.45, but opened at $2.53. Banco Bradesco shares last traded at $2.42, with a volume of 1,878 shares changing hands.

The newly announced dividend which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a dividend of $0.0024 per share. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, October 3rd. Banco Bradesco’s dividend payout ratio (DPR) is currently 69.57%.

Banco Bradesco Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76. The company’s 50-day moving average price is $2.38 and its two-hundred day moving average price is $2.33. The stock has a market cap of $26.11 billion, a PE ratio of 10.65 and a beta of 1.14.

Banco Bradesco (NYSE:BBDO) last released its earnings results on Monday, August 5th. The bank reported $0.09 EPS for the quarter. The company had revenue of $9.64 billion for the quarter. Banco Bradesco had a net margin of 6.68% and a return on equity of 9.88%.

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.