Banco Bradesco S.A. (NYSE:BBD) Announces Monthly Dividend of $0.00

Banco Bradesco S.A. (NYSE:BBDGet Free Report) declared a monthly dividend on Wednesday, March 6th, Wall Street Journal reports. Stockholders of record on Wednesday, April 3rd will be given a dividend of 0.0038 per share by the bank on Thursday, May 9th. This represents a $0.05 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, April 2nd.

Banco Bradesco has increased its dividend by an average of 7.9% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Banco Bradesco Price Performance

NYSE BBD opened at $2.86 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $2.88 and its two-hundred day simple moving average is $3.05. Banco Bradesco has a 52 week low of $2.48 and a 52 week high of $3.68.

Institutional Investors Weigh In On Banco Bradesco

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Banco Bradesco by 48.4% in the 1st quarter. BlackRock Inc. now owns 72,108,265 shares of the bank’s stock valued at $188,924,000 after acquiring an additional 23,517,670 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Banco Bradesco by 7.7% in the 1st quarter. Macquarie Group Ltd. now owns 24,224,185 shares of the bank’s stock worth $63,467,000 after buying an additional 1,732,700 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Banco Bradesco by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,707,827 shares of the bank’s stock valued at $72,525,000 after buying an additional 632,241 shares in the last quarter. State Street Corp lifted its holdings in shares of Banco Bradesco by 2.2% during the 1st quarter. State Street Corp now owns 11,917,779 shares of the bank’s stock worth $31,268,000 after acquiring an additional 260,871 shares during the last quarter. Finally, Amundi grew its position in Banco Bradesco by 12.6% in the fourth quarter. Amundi now owns 10,114,389 shares of the bank’s stock worth $29,939,000 after acquiring an additional 1,130,900 shares in the last quarter.

Analyst Upgrades and Downgrades

BBD has been the subject of a number of analyst reports. Jefferies Financial Group lowered Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, February 9th. The Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price target on the stock in a research report on Tuesday, February 20th. Finally, HSBC lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th.

View Our Latest Report on BBD

About Banco Bradesco

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Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.

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Dividend History for Banco Bradesco (NYSE:BBD)

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