Banco Bradesco (NYSE:BBDO) Hits New 52-Week Low – Should You Sell?

Banco Bradesco S.A. (NYSE:BBDO) shares hit a new 52-week low on Tuesday . The company traded as low as $1.79 and last traded at $1.80, with a volume of 8951 shares. The stock had previously closed at $1.85.

Banco Bradesco Stock Down 8.0 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $18.44 billion, a P/E ratio of 6.65 and a beta of 1.11. The stock’s 50 day simple moving average is $2.11 and its two-hundred day simple moving average is $2.23.

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 $0.003 dividend. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s payout ratio is presently 7.69%.

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.