Banco Bradesco S.A. (NYSE:BBDO – Get Rating) shares gapped down prior to trading on Wednesday . The stock had previously closed at $3.05, but opened at $2.75. Banco Bradesco shares last traded at $2.73, with a volume of 1,930 shares changing hands.
Banco Bradesco Price Performance
The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 5.75 and a beta of 1.02. The stock has a fifty day simple moving average of $3.07 and a 200-day simple moving average of $3.02. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.60.
Banco Bradesco Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, January 9th. Shareholders of record on Monday, December 5th will be issued a $0.0024 dividend. This represents a $0.03 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, December 2nd. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.25%.
Institutional Trading of Banco Bradesco
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 segment, 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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.
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