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Brazilian bank Bradesco raises dividend by 1.7%, but faces annual decreases over three years.
Brazilian bank Banco Bradesco announced a monthly dividend of $0.003 per share, up 1.7% from the previous amount, with an annualized dividend of $0.04 and a yield of 1.83%.
The dividend will be paid on May 9 to shareholders of record on April 3.
Despite this increase, the bank's dividends have decreased annually by an average of 15.5% over the last three years.
The bank offers traditional banking services and various insurance products.
Shares of Banco Bradesco closed at $1.99 after the announcement.
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El banco brasileño Bradesco aumenta los dividendos en un 1,7%, pero se enfrenta a disminuciones anuales en tres años.