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.

WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at

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)

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's FREE daily email newsletter.