Itaú Unibanco Holding S.A. (ITUB) to Issue Dividend of $0.00 on February 10th

Itaú Unibanco Holding S.A. (NYSE:ITUB) declared a dividend on Wednesday, January 1st,investing.com reports. Shareholders of record on Friday, January 3rd will be paid a dividend of 0.0025 per share by the bank on Monday, February 10th. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, January 2nd.

Itaú Unibanco has raised its dividend by an average of 26.3% per year over the last three years. Itaú Unibanco has a dividend payout ratio of 3.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Itaú Unibanco to earn $0.82 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 3.7%.

Itaú Unibanco Stock Down 0.2 %

Shares of ITUB opened at $4.95 on Friday. Itaú Unibanco has a 12-month low of $4.86 and a 12-month high of $7.27. The firm has a fifty day moving average price of $5.61 and a 200-day moving average price of $6.07. The firm has a market capitalization of $48.51 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.68 and a beta of 0.95. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Itaú Unibanco presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

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.