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

Itau Unibanco Holding S.A. (NYSE:ITUBGet Free Report) declared a monthly dividend on Wednesday, December 31st. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.0032 per share by the bank on Thursday, October 8th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, September 2nd.

Itau Unibanco has raised its dividend payment by an average of 0.2%annually over the last three years. Itau Unibanco has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Itau Unibanco to earn $0.98 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 3.1%.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $7.51 on Monday. The company has a market cap of $83.18 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.81 and a beta of 0.58. Itau Unibanco has a 1 year low of $6.54 and a 1 year high of $9.60. The stock’s 50 day simple moving average is $8.02 and its two-hundred day simple moving average is $8.28. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.08 and a quick ratio of 1.08.

Itau Unibanco (NYSE:ITUBGet Free Report) last posted its earnings results on Tuesday, August 4th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Itau Unibanco had a net margin of 26.41% and a return on equity of 21.40%. The business had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.29 billion. As a group, equities analysts anticipate that Itau Unibanco will post 0.88 earnings per share for the current fiscal year.

Itau Unibanco Company Profile

(Get Free Report)

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.

See Also

Dividend History for Itau Unibanco (NYSE:ITUB)

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