Banco Bradesco (NYSE:BBDO) Shares Gap Down – Here’s Why

Banco Bradesco S.A. (NYSE:BBDO)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $1.88, but opened at $1.81. Banco Bradesco shares last traded at $1.80, with a volume of 13,556 shares traded.

Banco Bradesco Stock Down 5.9 %

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $2.23. The stock has a market capitalization of $18.85 billion, a P/E ratio of 7.15 and a beta of 1.11.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

Banco Bradesco Company Profile

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.