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

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Monday, June 2nd. Stockholders of record on Thursday, October 2nd will be given a dividend of 0.0031 per share by the bank on Monday, November 10th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 2nd. This is a 17.6% increase from Itau Unibanco’s previous monthly dividend of $0.00264.

Itau Unibanco has a payout ratio of 3.7% indicating that 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 Price Performance

NYSE:ITUB opened at $7.33 on Tuesday. Itau Unibanco has a 52-week low of $4.42 and a 52-week high of $7.44. The stock has a fifty day moving average of $6.88 and a 200 day moving average of $6.46. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $78.97 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 1.07 and a beta of 0.86.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%.The firm had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $44.75 billion. On average, research analysts expect that Itau Unibanco will post 0.8 EPS for the current fiscal year.

Itau 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.