Dividend Coverage: Banco Bradesco Sa (NYSE:BBD) expected to pay $0.01 on Nov 8, 2016

Dividend Coverage: Banco Bradesco Sa (NYSE:BBD) expected to pay $0.01 on Nov 8, 2016

Banco Bradesco Sa (NYSE:BBD) is expected to pay $0.01 on Nov 8, 2016. The indicated annual dividend is $0.06. Shareholders owning the stock before Oct 4, 2016 will be eligible to receive the payout. Based on Banco Bradesco Sa’s current price of $9.07, the dividend is 0.06%. This dividend’s record date is Oct 6, 2016 and the announcement date is Sep 20, 2016. About 1.16M shares traded hands. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 88.25% since February 29, 2016 and is uptrending. It has outperformed by 76.03% the S&P500.

Banco Bradesco S.A. is a commercial bank. The company has a market cap of $49.66 billion. The Firm offers a range of banking and financial services and products in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international firms and institutions. It has a 9.08 P/E ratio. The Firm operates and manages its business through two divisions: the banking segment, and the insurance, pension plans and capitalization bond segment.

Banco Bradesco SA (ADR) (NYSE:BBD) Ratings Coverage

Out of 6 analysts covering Banco Bradesco SA (NYSE:BBD), 2 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 33% are positive. Banco Bradesco SA has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Citigroup downgraded the shares of BBD in a report on Friday, April 8 to “Sell” rating. The stock of Banco Bradesco SA (ADR) (NYSE:BBD) earned “Buy” rating by Bank of America on Monday, March 14. The stock of Banco Bradesco SA (ADR) (NYSE:BBD) has “Underperform” rating given on Tuesday, March 15 by Scotia Capital. On Tuesday, March 22 the stock rating was downgraded by Deutsche Bank to “Hold”. Goldman Sachs maintained Banco Bradesco SA (ADR) (NYSE:BBD) rating on Monday, May 2. Goldman Sachs has “Neutral” rating and $1.82 price target. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, September 21. On Monday, October 12 the stock rating was upgraded by Deutsche Bank to “Buy”.

More news for Banco Bradesco SA (ADR) (NYSE:BBD) were recently published by: Investorplace.com, which released: “Why Banco Bradesco SA (ADR) (BBD), Coca-Cola Enterprises Inc (CCE) and Great …” on May 31, 2016. Marketwatch.com‘s article titled: “Banco Bradesco S/A Pref ADR” and published on December 21, 2009 is yet another important article.

BBD Company Profile

Banco Bradesco S.A. (Bradesco), incorporated on January 5, 1943, is a commercial bank. The Firm offers a range of banking and financial services and products in Brazil and abroad to individuals, large, mid‑sized and small companies, and local and international firms and institutions. The Firm operates and manages its business through two divisions: the banking segment, and the insurance, pension plans and capitalization bond segment. In its banking segment, the Company offers a range of banking services and products to its clients, including deposit-taking, granting of loans and advance payments, debit and credit card services, and capital market solutions, through its distribution network. The Company’s services and products comprise banking operations, such as loans and advances and deposit‑taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.

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