Itau Unibanco Holding S.A. (ITUB) to Issue Monthly Dividend of $0.00 on July 9th

Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Friday, December 12th. Investors of record on Tuesday, June 2nd will be given a dividend of 0.0033 per share by the bank on Thursday, July 9th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, June 2nd.

Itau Unibanco has raised its dividend payment by an average of 0.2%per year 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 $0.98 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

Itau Unibanco stock opened at $7.90 on Friday. Itau Unibanco has a 12-month low of $5.93 and a 12-month high of $9.60. The company has a market capitalization of $87.45 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.85 and a beta of 0.63. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79. The firm’s fifty day moving average price is $8.41 and its 200 day moving average price is $8.10.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $9.01 billion for the quarter, compared to analyst estimates of $9.41 billion. Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%. On average, research analysts forecast that Itau Unibanco will post 0.89 EPS for the current fiscal year.

About Itau Unibanco

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.