Itaú Unibanco Holding S.A. Announces Dividend of $0.00 (NYSE:ITUB)

Itaú Unibanco Holding S.A. (NYSE:ITUB) declared a dividend on Wednesday, December 25th, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.0029 per share by the bank on Tuesday, April 8th. The ex-dividend date is Tuesday, March 4th.

Itaú Unibanco has decreased its dividend by an average of 26.9% per year over the last three years. Itaú Unibanco has a dividend payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Itaú 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%.

Itaú Unibanco Price Performance

Shares of NYSE ITUB opened at $5.48 on Friday. Itaú Unibanco has a fifty-two week low of $4.86 and a fifty-two week high of $7.04. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The stock has a market capitalization of $53.66 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.89 and a beta of 0.95. The business has a 50-day moving average of $5.47 and a 200-day moving average of $5.94.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, sell-side analysts predict that Itaú Unibanco will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ITUB has been the subject of several research reports. JPMorgan Chase & Co. cut 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 report on Thursday, November 7th. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Finally, HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective for the company in a research report on Monday, January 13th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $6.90.

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.