Itau Unibanco Holding S.A. (ITUB) to Distribute Monthly Dividend of $0.00 on August 10th

Itau Unibanco Holding S.A. (NYSE:ITUBGet 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.

Itau Unibanco (NYSE:ITUBGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. The business had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $9.41 billion. As a group, sell-side analysts anticipate that Itau Unibanco will post 0.89 EPS for the current year.

About Itau Unibanco

(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.

Further Reading

Dividend History for Itau Unibanco (NYSE:ITUB)

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