Banco Bradesco S.A. (NYSE:BBDO – Get Rating) announced a monthly dividend on Wednesday, December 28th, Wall Street Journal reports. Stockholders of record on Tuesday, January 10th will be paid a dividend of 0.0032 per share by the bank on Monday, March 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, January 9th. This is a positive change from Banco Bradesco's previous monthly dividend of $0.0024.

Banco Bradesco Stock Up 5.4 %

Banco Bradesco stock opened at $2.52 on Friday. The company has a market capitalization of $26.86 billion, a PE ratio of 6.23 and a beta of 0.95. The firm's fifty day moving average is $2.57 and its 200 day moving average is $2.82. Banco Bradesco has a 12-month low of $2.29 and a 12-month high of $3.55.

Hedge Funds Weigh In On Banco Bradesco

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp raised its position in shares of Banco Bradesco by 11.8% during the second quarter. Northern Trust Corp now owns 138,498 shares of the bank's stock worth $378,000 after purchasing an additional 14,610 shares during the period. Citadel Advisors LLC grew its position in Banco Bradesco by 43.4% in the 3rd quarter. Citadel Advisors LLC now owns 17,012 shares of the bank's stock valued at $51,000 after purchasing an additional 5,151 shares during the period. Jane Street Group LLC bought a new stake in Banco Bradesco during the 1st quarter valued at $56,000. Finally, Envestnet Asset Management Inc. acquired a new position in Banco Bradesco during the third quarter worth $36,000. Institutional investors and hedge funds own 0.01% of the company's stock.

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 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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