Itaú Unibanco Holding S.A. (NYSE:ITUB) Declares Dividend of $0.00

Itaú Unibanco Holding S.A. (NYSE:ITUB) declared a dividend on Monday, August 5th, NASDAQ reports. Shareholders of record on Tuesday, September 3rd will be given a dividend of 0.0031 per share by the bank on Tuesday, October 8th. The ex-dividend date is Tuesday, September 3rd.

Itaú Unibanco has raised its dividend by an average of 26.3% annually over the last three years. Itaú Unibanco has a payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Itaú Unibanco to earn $0.89 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.5%.

Itaú Unibanco Price Performance

Shares of ITUB stock traded up $0.20 during trading hours on Tuesday, hitting $5.94. The company’s stock had a trading volume of 29,138,157 shares, compared to its average volume of 17,291,561. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.37. The business has a fifty day moving average of $6.00 and a 200-day moving average of $6.40. Itaú Unibanco has a twelve month low of $5.12 and a twelve month high of $7.27. The stock has a market cap of $58.22 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.72 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings results on Monday, May 6th. The bank reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Itaú Unibanco had a return on equity of 18.73% and a net margin of 11.09%. The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $8.34 billion. As a group, equities research analysts anticipate that Itaú Unibanco will post 0.81 EPS for the current year.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 17th.

Itaú Unibanco Company Profile

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.