Banco Bradesco SA (BBD) Plans $0.01 Special Dividend

Banco Bradesco SA (NYSE:BBD) declared a special dividend on Wednesday, January 17th, NASDAQ reports. Stockholders of record on Monday, February 5th will be given a dividend of 0.005 per share by the bank on Monday, March 12th. This represents a dividend yield of 0.000438212094653812%. The ex-dividend date of this dividend is Friday, February 2nd.

Banco Bradesco (BBD) opened at $13.08 on Friday. Banco Bradesco has a twelve month low of $7.83 and a twelve month high of $13.09. The company has a market capitalization of $86,213.33, a price-to-earnings ratio of 17.44, a PEG ratio of 1.14 and a beta of 1.72.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Tuesday, October 31st. The bank reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. Banco Bradesco had a return on equity of 17.71% and a net margin of 9.17%. The firm had revenue of $12.11 billion during the quarter, compared to analyst estimates of $8.10 billion. equities analysts predict that Banco Bradesco will post 0.82 EPS for the current fiscal year.

A number of research firms have recently commented on BBD. Zacks Investment Research lowered Banco Bradesco from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine lowered Banco Bradesco from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. raised Banco Bradesco from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. Finally, Citigroup raised Banco Bradesco from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Banco Bradesco currently has a consensus rating of “Buy” and an average target price of $12.20.

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Banco Bradesco 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.

Dividend History for Banco Bradesco (NYSE:BBD)

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