Banco Bradesco S.A. Plans Monthly Dividend of $0.00 (NYSE:BBDO)

Banco Bradesco S.A. (NYSE:BBDO) announced a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.0033 per share by the bank on Monday, June 10th. This represents a $0.04 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, May 3rd.

Banco Bradesco Price Performance

Shares of NYSE BBDO traded up $0.01 during mid-day trading on Wednesday, hitting $2.35. 10,812 shares of the company traded hands, compared to its average volume of 17,235. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. Banco Bradesco has a 1 year low of $2.31 and a 1 year high of $3.21. The business has a 50 day moving average of $2.54 and a two-hundred day moving average of $2.71.

Institutional Trading of Banco Bradesco

Several large investors have recently added to or reduced their stakes in BBDO. Goldman Sachs Group Inc. boosted its holdings in shares of Banco Bradesco by 2,116.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 532,154 shares of the bank’s stock worth $1,692,000 after purchasing an additional 508,141 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Banco Bradesco by 1,852.2% in the fourth quarter. JPMorgan Chase & Co. now owns 145,481 shares of the bank’s stock worth $375,000 after acquiring an additional 138,029 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Banco Bradesco by 324.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 50,585 shares of the bank’s stock worth $131,000 after acquiring an additional 38,660 shares in the last quarter. Ethic Inc. raised its holdings in shares of Banco Bradesco by 25.1% during the first quarter. Ethic Inc. now owns 154,750 shares of the bank’s stock worth $365,000 after acquiring an additional 31,066 shares in the last quarter. Finally, UBS Group AG boosted its position in Banco Bradesco by 6,829.1% during the third quarter. UBS Group AG now owns 27,647 shares of the bank’s stock valued at $74,000 after purchasing an additional 27,248 shares during the last quarter.

About Banco Bradesco

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.