Itau Unibanco Holding S.A. (NYSE:ITUB) Plans $0.00 Monthly Dividend

by · The Cerbat Gem

Itau Unibanco Holding S.A. (NYSE:ITUB – Get 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) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd.

Itau Unibanco has decreased its dividend payment by an average of 0.1%annually over the last three years. Itau Unibanco has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.4%

Shares of ITUB traded up $0.10 during mid-day trading on Friday, hitting $7.26. 5,914,043 shares of the company’s stock were exchanged, compared to its average volume of 17,702,362. The stock’s 50-day moving average is $7.23 and its 200-day moving average is $6.84. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.58 and a current ratio of 1.58. Itau Unibanco has a fifty-two week low of $4.29 and a fifty-two week high of $7.89. The company has a market cap of $80.38 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 1.05 and a beta of 0.65.

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.

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