Banco Bradesco SA (BBD) Plans Special Dividend of $0.01
Banco Bradesco SA (NYSE:BBD) declared a special dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Wednesday, October 4th will be given a dividend of 0.0061 per share by the bank on Monday, November 13th. This represents a yield of 0.64%. The ex-dividend date of this dividend is Tuesday, October 3rd. This is an increase from Banco Bradesco SA’s previous special dividend of $0.006.
Banco Bradesco SA has decreased its dividend by an average of 48.8% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.
Banco Bradesco SA (NYSE:BBD) traded down 0.80% during trading on Thursday, reaching $11.23. 11,940,348 shares of the company’s stock were exchanged. Banco Bradesco SA has a 52 week low of $7.15 and a 52 week high of $11.47. The firm has a market capitalization of $68.34 billion, a price-to-earnings ratio of 12.29 and a beta of 1.75. The stock has a 50-day moving average price of $10.31 and a 200 day moving average price of $9.36.
A number of research firms recently weighed in on BBD. Scotiabank lowered shares of Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 5th. BidaskClub lowered shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) upgraded shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price objective on the stock in a research report on Monday. Finally, ValuEngine lowered shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $12.20.
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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.
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