Banco Bradesco SA has announced a monthly dividend of $0.0031 per share, set to be distributed on February 9, 2024. Shareholders on record as of January 6, 2024, will qualify for this payment. This decision reflects the bank’s ongoing commitment to return value to its shareholders, despite a trend of declining dividends in recent years.
The declared dividend yields approximately 1.3% annually, based on the bank’s current stock price. The ex-dividend date is also scheduled for January 6, 2024. Banco Bradesco has seen an average annual decrease of 0.2% in its dividends over the past three years, highlighting a cautious approach in its financial management.
Stock Performance and Financial Metrics
As of the latest trading session, shares of Banco Bradesco (NYSE:BBDO) opened at $2.90, reflecting a modest increase of 0.9%. The bank maintains a market capitalization of approximately $30.81 billion and exhibits a price-to-earnings ratio of 8.27. Its current ratio and quick ratio are both reported at 1.12, indicating a stable liquidity position, while the debt-to-equity ratio stands at 0.64.
The stock has experienced fluctuations over the past year, with a 12-month low of $1.74 and a high of $3.31. The current 50-day moving average price is $3.03, with a two-hundred-day moving average at $2.80. These figures suggest a period of volatility, but current trends indicate some recovery.
About Banco Bradesco
Founded in 1943 by Amador Aguiar, Banco Bradesco is headquartered in Osasco, São Paulo, and has become one of Brazil’s largest private-sector banks. The institution serves a diverse clientele, including individuals, small businesses, and corporate clients, through an extensive network of branches and digital platforms.
Banco Bradesco offers a wide range of financial products and services, encompassing retail and commercial banking, deposit accounts, payment services, personal and corporate lending, credit cards, and cash management solutions. Its commitment to innovation and customer service has positioned it as a key player in Brazil’s financial landscape.
Investors and analysts alike will be watching the bank’s future dividend decisions closely, as they reflect broader economic conditions and the bank’s financial health.
