Banco Bradesco SA has announced an increase in its monthly dividend to $0.0036 per share, effective for shareholders on record as of March 4, 2024. This change, which will be paid on April 8, 2024, represents a 2.4% increase from the previous monthly dividend of $0.003527. The new dividend yields approximately 1.1%, indicating a modest return for investors.
The announcement comes amidst a history of slight declines in dividend payments, averaging 0.2% per year over the last three years. Despite this trend, Banco Bradesco maintains a dividend payout ratio of 4.9%, suggesting that its earnings can sufficiently cover the upcoming dividend payments. Analysts project the bank to earn $0.43 per share in the coming year, allowing it to sustain its annual dividend of $0.02 with an expected future payout ratio of 4.7%.
Market Performance and Financial Overview
Following the dividend announcement, Banco Bradesco’s stock experienced a decline, trading down $0.08 to $3.93 during trading hours on the day after the announcement. A total of 51,033,544 shares changed hands, surpassing the average trading volume of 40,709,703. The company’s market capitalization stands at approximately $41.77 billion, with a price-to-earnings ratio of 11.21 and a PEG ratio of 0.37.
The stock has seen a significant fluctuation over the past twelve months, with a low of $1.93 and a high of $4.28. Banco Bradesco also has a debt-to-equity ratio of 0.64, alongside a current ratio and quick ratio both at 1.12, reflecting a stable financial position.
About Banco Bradesco
Founded in 1943 by Amador Aguiar, Banco Bradesco SA is headquartered in Osasco, São Paulo. The institution is recognized as one of Brazil’s largest private-sector banks, offering a comprehensive array of financial services. These services cater to a diverse clientele, including retail customers, small and medium-sized enterprises, and corporate clients.
The bank’s operations span the entire banking value chain, which includes deposit-taking, lending, payments, trade finance, and treasury services. Additionally, Banco Bradesco actively participates in both retail and corporate credit markets. Its offerings extend beyond traditional banking to include insurance, pension plans, asset management, leasing, and credit card services, all delivered through a combination of physical branches, automated teller machines, and digital platforms.
As the financial landscape continues to evolve, Banco Bradesco remains committed to providing a diverse range of services to meet the needs of its clients while maintaining a focus on sustainable growth.
