Today’s Dividend Alert: $0.01 dividends will be a reality for Banco Bradesco Sa (NYSE:BBD)’s shareholders on Dec 8, 2016.

Today's Dividend Alert: $0.01 dividends will be a reality for Banco Bradesco Sa (NYSE:BBD)'s shareholders on Dec 8, 2016.

Banco Bradesco Sa (NYSE:BBD) is expected to pay $0.01 on Dec 8, 2016. The indicated annual dividend is $0.06. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Banco Bradesco Sa’s current price of $10.02, the dividend is 0.05%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 19, 2016. The stock decreased 3.75% or $0.39 during the last trading session, hitting $10.02. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 47.95% since March 31, 2016 and is uptrending. It has outperformed by 45.42% the S&P500.

Banco Bradesco S.A. is a commercial bank. The company has a market cap of $55.96 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 9.81 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. As per Tuesday, March 15, the company rating was initiated by Scotia Capital. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, September 21. The company was downgraded on Friday, April 8 by Citigroup. As per Monday, March 14, the company rating was upgraded by Bank of America. As per Tuesday, March 22, the company rating was downgraded by Deutsche Bank. The company was upgraded on Monday, October 12 by Deutsche Bank. The firm earned “Neutral” rating on Monday, May 2 by Goldman Sachs.

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