Itau Unibanco Holding S.A. (ITUB) to Issue Monthly Dividend of $0.00 on December 8th

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Monday, June 2nd. Stockholders of record on Tuesday, November 4th will be paid a dividend of 0.0031 per share by the bank on Monday, December 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 4th.

Itau Unibanco has decreased its dividend payment by an average of 0.1%annually over the last three years. Itau Unibanco has a dividend payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Itau Unibanco to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 3.4%.

Itau Unibanco Stock Performance

Shares of Itau Unibanco stock opened at $7.37 on Friday. The firm has a 50 day simple moving average of $7.09 and a 200 day simple moving average of $6.71. Itau Unibanco has a fifty-two week low of $4.42 and a fifty-two week high of $7.45. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $79.40 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.10 and a beta of 0.84.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $7.14 billion for the quarter, compared to analyst estimates of $44.75 billion. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. Sell-side analysts predict that Itau Unibanco will post 0.8 earnings per share for the current fiscal year.

About Itau Unibanco

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.