5 Cheap Monthly Dividend Stocks to Buy Now

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1. Banco Bradesco S.A. (NYSE: BBD)

Number of Hedge Fund Holders: 19
Dividend Yield: 4%

Banco Bradesco S.A. (NYSE: BBD) is a Brazilian company operating in the Diversified Banks industry to provide a range of banking products and services to individuals, corporate, and businesses in Brazil and internationally. It ranks 1st on our list of cheap monthly dividend stocks to buy now.

As of this July, Scotiabank has a Sector Perform rating on Banco Bradesco S.A. (NYSE: BBD) shares.

In the first quarter of 2021, Banco Bradesco S.A. (NYSE: BBD) had an EPS of $0.13, beating estimates by $0.01. The company’s revenue was $4.93 billion, up 4.29% year over year but missing estimates by $83.81 million. Banco Bradesco S.A. (NYSE: BBD) has gained 5.11% in the past 6 months and 3.05% year to date as well.

By the end of the first quarter of 2021, 19 hedge funds out of the 866 tracked by Insider Monkey held stakes in Banco Bradesco S.A. (NYSE: BBD) worth roughly $186 million. This is compared to 17 hedge funds in the previous quarter with a total stake value of about $407 million.

You can also take a peek at 10 Best High Yield Dividend Stocks To Buy and 15 Fastest Growing Dividend Stocks.

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