Banco Bradesco SA Announces Special Dividend of $0.01 (BBD)
Banco Bradesco SA (NYSE:BBD) declared a special dividend on Wednesday, July 12th, Wall Street Journal reports. Stockholders of record on Friday, August 4th will be paid a dividend of 0.0058 per share by the bank on Friday, September 8th. This represents a dividend yield of 7.47%. The ex-dividend date is Wednesday, August 2nd.
Shares of Banco Bradesco SA (NYSE:BBD) traded up 3.97% on Wednesday, hitting $9.16. The stock had a trading volume of 18,824,986 shares. The company’s 50-day moving average price is $8.54 and its 200 day moving average price is $8.94. Banco Bradesco SA has a 12-month low of $7.09 and a 12-month high of $10.37. The firm has a market cap of $55.74 billion, a P/E ratio of 10.32 and a beta of 1.76.
Banco Bradesco SA (NYSE:BBD) last announced its quarterly earnings data on Thursday, April 27th. The bank reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business had revenue of $13.25 billion during the quarter. Banco Bradesco SA had a return on equity of 17.32% and a net margin of 9.08%. On average, equities research analysts forecast that Banco Bradesco SA will post $0.92 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Banco Bradesco SA Announces Special Dividend of $0.01 (BBD)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/07/12/banco-bradesco-sa-announces-special-dividend-of-0-01-bbd.html.
Several analysts have recently weighed in on BBD shares. Zacks Investment Research upgraded Banco Bradesco SA from a “sell” rating to a “hold” rating in a report on Thursday, March 30th. BidaskClub upgraded Banco Bradesco SA from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Scotiabank upgraded Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 28th. Finally, ValuEngine upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.65.
About Banco Bradesco SA
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.
Receive News & Ratings for Banco Bradesco SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco SA and related companies with MarketBeat.com's FREE daily email newsletter.