Banco Bradesco (NYSE:BBDO) Sees Large Volume Increase – Here’s What Happened

Shares of Banco Bradesco S.A. (NYSE:BBDO) saw an uptick in trading volume on Wednesday . 38,755 shares changed hands during trading, an increase of 82% from the previous session’s volume of 21,352 shares.The stock last traded at $2.02 and had previously closed at $2.11.

Banco Bradesco Stock Down 4.3 %

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 company’s fifty day moving average is $2.26 and its 200-day moving average is $2.27.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be issued 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 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio is currently 13.04%.

About Banco Bradesco

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.