5 Penny Stocks that Pay Dividends

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

Dividend Yield as of May 16: 4.48%

Price as of May 16: $3.83

Number of Hedge Fund Holders: 12

Banco Bradesco S.A. (NYSE:BBD) is a Brazilian financial services company that offers banking and insurance products and services to individuals, corporations, and businesses. Banco Bradesco S.A. (NYSE:BBD) also deals in investment vehicles, pension products, real estate and automobile auctions, and foreign trade and exchange services.

Banco Bradesco S.A. (NYSE:BBD) reported on May 5 its Q1 2022 results. The company posted Q1 GAAP earnings per share of R$0.63. The recurring net income over the period came in at R$6.82 billion, up 4.6% year-over-year. The Q1 net interest income of R$17.06 billion also climbed 9.5% compared to the same period last year. 

On May 2, Banco Bradesco S.A. (NYSE:BBD) declared a $0.003 per share monthly dividend, in line with previous. The dividend is distributable on June 8, to shareholders of the company at the close of business on May 4. Banco Bradesco S.A. (NYSE:BBD) delivers a dividend yield of 4.48% as of May 16. Priced at $3.83, it is a prominent penny stock to watch. 

A total of 12 hedge funds were bullish on Banco Bradesco S.A. (NYSE:BBD) at the end of December 2021, compared to 13 in the prior quarter. Ken Fisher’s Fisher Asset Management is one of the leading shareholders of Banco Bradesco S.A. (NYSE:BBD) as of Q1 2022, with 23.4 million shares worth $108.6 million.