5 Monthly Dividend Stocks to Buy in March

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

Number of Hedge Fund Holders: 12

Dividend Yield as of March 7: 4.82%

Banco Bradesco S.A. (NYSE:BBD) is a Brazilian company offering banking products and services to individuals, corporate enterprises, and businesses in Brazil and internationally. Banco Bradesco S.A. (NYSE:BBD)’s dividend yield on March 7 came in at 4.82%. 

Banco Bradesco S.A. (NYSE:BBD) declared a $0.003 per share monthly dividend, in line with previous. The dividend is payable on April 8, for shareholders of record on March 4. 

On January 24, Barclays analyst Gilberto Garcia initiated coverage of Banco Bradesco S.A. (NYSE:BBD) with an Overweight rating and a $5 price target. The analyst called the company his sector top pick, as it has a “significant moat” from the larger weight of its insurance operations, and greater optionality down the road from asset spin-offs.

In the fourth quarter of 2021, 12 hedge funds were bullish on Banco Bradesco S.A. (NYSE:BBD), with combined stakes amounting to $1.46 billion. Fisher Asset Management is the biggest shareholder of the company, with 24.2 million shares worth $83 million.