Itau Unibanco Holding S.A. (ITUB) To Go Ex-Dividend on October 2nd

by · The Cerbat Gem

Itau Unibanco Holding S.A. (NYSE:ITUB – Get Free Report) announced a monthly dividend on Wednesday, December 31st. Investors of record on Friday, October 2nd will be given a dividend of 0.0032 per share by the bank on Tuesday, November 10th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, October 2nd.

Itau Unibanco has decreased its dividend payment by an average of 0.1%per year 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 Price Performance

NYSE ITUB traded up $0.08 during mid-day trading on Friday, hitting $7.24. The stock had a trading volume of 6,316,095 shares, compared to its average volume of 17,702,362. The firm’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 current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $80.17 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.05 and a beta of 0.65. Itau Unibanco has a twelve month low of $4.29 and a twelve month high of $7.89.

Itau Unibanco News Summary

Here are the key news stories impacting Itau Unibanco this week:

  • Positive Sentiment: Itau reaffirmed a monthly dividend of $0.0032 per share across recent record dates (Jul–Dec). The recurring monthly payment signals a stable cash-return policy that can attract income-seeking investors and provide downside support to the share price.
  • Neutral Sentiment: The dividend amounts to an annualized yield of about 0.5%, which is modest — supportive but unlikely to be a major catalyst on its own given the low yield relative to competing income investments.
  • Neutral Sentiment: Context: ITUB’s valuation and technicals (market cap ~ $80B, P/E ~10.4, 50‑day ~$7.23, 200‑day ~$6.84) suggest the stock is trading in a value/earnings-driven range; the steady dividend helps reduce downside risk but the low yield limits impact on total return.

Itau Unibanco Company Profile

(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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