Banco Bradesco SA (BBD) Declares Special Dividend of $0.06

Banco Bradesco SA (NYSE:BBD) announced a special dividend on Thursday, June 22nd, Wall Street Journal reports. Shareholders of record on Thursday, July 6th will be paid a dividend of 0.057 per share by the bank on Monday, July 24th. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, July 3rd. This is a boost from Banco Bradesco SA’s previous special dividend of $0.00597.

Shares of Banco Bradesco SA (NYSE BBD) traded up 1.27% during midday trading on Thursday, hitting $8.00. 6,787,674 shares of the company’s stock were exchanged. The firm has a market cap of $48.68 billion, a price-to-earnings ratio of 9.05 and a beta of 1.73. Banco Bradesco SA has a 52 week low of $6.28 and a 52 week high of $10.37. The company has a 50-day moving average of $8.86 and a 200-day moving average of $8.93.

Banco Bradesco SA (NYSE:BBD) last released its earnings results on Thursday, April 27th. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $13.25 billion for the quarter. Banco Bradesco SA had a net margin of 9.08% and a return on equity of 17.32%. Equities research analysts expect that Banco Bradesco SA will post $0.93 EPS for the current fiscal year.

Dividend History for Banco Bradesco SA (NYSE:BBD)

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Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Scotiabank upgraded shares of Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. Finally, ValuEngine upgraded shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $10.65.

Banco Bradesco SA Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BBD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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