Itau Unibanco Holding S.A. (ITUB) to Issue Monthly Dividend of $0.00 on May 11th

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Friday, December 12th. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.0033 per share by the bank on Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, April 2nd.

Itau Unibanco has increased its dividend payment by an average of 0.2%annually over the last three years. Itau Unibanco has a 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

NYSE ITUB opened at $7.88 on Tuesday. The firm has a market cap of $87.23 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 0.86 and a beta of 0.63. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company’s 50 day moving average is $8.60 and its 200-day moving average is $7.66. Itau Unibanco has a 12-month low of $4.97 and a 12-month high of $9.60.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%.The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.98 billion. Sell-side analysts predict that Itau Unibanco will post 0.8 earnings per share for the current 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.