Banco Bradesco S.A. (NYSE:BBDO) Plans Variable Dividend of $0.03

Banco Bradesco S.A. (NYSE:BBDO) declared a Variable dividend on Friday, September 20th, NASDAQ reports. Stockholders of record on Wednesday, October 2nd will be paid a dividend of 0.0327 per share by the bank on Wednesday, May 7th. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is an increase from Banco Bradesco’s previous Variable dividend of $0.002567.

Banco Bradesco has raised its dividend payment by an average of 26.7% annually over the last three years.

Banco Bradesco Trading Up 1.2 %

Shares of BBDO opened at $2.45 on Tuesday. Banco Bradesco has a fifty-two week low of $1.95 and a fifty-two week high of $3.21. The business has a 50-day moving average of $2.38 and a 200 day moving average of $2.33. The firm has a market cap of $26.11 billion, a P/E ratio of 10.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76.

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

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.