Itau Unibanco Holding S.A. (NYSE:ITUB – Get Free Report) declared a monthly dividend on Friday, December 12th. Shareholders of record on Tuesday, May 5th will be paid a dividend of 0.0033 per share by the bank on Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 5th.
Itau Unibanco has increased its dividend payment 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. Equities 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
Shares of ITUB stock opened at $8.64 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.58. The company has a market capitalization of $95.64 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.93 and a beta of 0.63. The company’s 50-day simple moving average is $8.63 and its two-hundred day simple moving average is $7.96. Itau Unibanco has a one year low of $5.87 and a one year high of $9.60.
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.
Further Reading
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