Banco Bradesco S.A. (NYSE:BBD) Declares $0.00 Dividend

Banco Bradesco S.A. (NYSE:BBD) declared a dividend on Tuesday, October 1st, investing.com reports. Shareholders of record on Friday, October 4th will be given a dividend of 0.0026 per share by the bank on Friday, November 8th. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, October 3rd.

Banco Bradesco has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.7 %

Shares of NYSE BBD opened at $2.67 on Tuesday. The stock has a market capitalization of $28.40 billion, a PE ratio of 11.59, a P/E/G ratio of 0.29 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $2.65 and a 200-day moving average of $2.59. Banco Bradesco has a 52-week low of $2.16 and a 52-week high of $3.65.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Monday, August 5th. The bank reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $9.64 billion during the quarter, compared to analyst estimates of $5.47 billion. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%. On average, analysts anticipate that Banco Bradesco will post 0.35 EPS for the current year.

Analysts Set New Price Targets

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

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.