Banco Bradesco (NYSE:BBDO) Sets New 1-Year Low – Time to Sell?

Shares of Banco Bradesco S.A. (NYSE:BBDOGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $1.79 and last traded at $1.80, with a volume of 8951 shares traded. The stock had previously closed at $1.85.

Banco Bradesco Trading Down 0.5 %

The company has a market cap of $19.61 billion, a P/E ratio of 7.12 and a beta of 1.11. The firm has a 50-day moving average of $2.14 and a 200 day moving average of $2.23. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.003 per share. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio is 7.69%.

Banco Bradesco Company Profile

(Get Free Report)

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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