Itau Unibanco Holding S.A. (NYSE:ITUB – Get Free Report) declared a monthly dividend on Wednesday, December 31st. Stockholders of record on Thursday, July 2nd will be given a dividend of 0.0032 per share by the bank on Monday, August 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd.
Itau Unibanco has raised its dividend by an average of 0.2%per year over the last three years. Itau Unibanco has a payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance
ITUB opened at $8.20 on Tuesday. The business has a fifty day moving average of $8.13 and a 200 day moving average of $8.17. Itau Unibanco has a 52-week low of $5.93 and a 52-week high of $9.60. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.53. The stock has a market cap of $90.77 billion, a P/E ratio of 11.24, a PEG ratio of 0.88 and a beta of 0.59.
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.
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