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.

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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.

Dividend History for Banco Bradesco SA (NYSE:BBD)

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