Brazilian banks Bradesco and Banco do Brasil announce dividend and profit decline

Banco Bradesco SA announced a monthly dividend of $0.0034 per share, payable on September 9 to shareholders of record on August 5. The dividend represents an annualized yield of about 1.3%, and the bank's shares traded around $3.18 on the announcement day.

Banco do Brasil reported a sharp fall in recurring net profit to R$3.43 billion, down 53.5% year‑over‑year, with return on equity dropping to 7.3% from 16.7%. Loan‑loss provisions surged 86%, driven by deteriorating farm‑credit conditions and stricter provisioning rules. The bank cut its cost‑of‑credit guidance and lowered its 2026 profit outlook, while its stock traded at a low price‑to‑book multiple.