Itau Unibanco Holding S.A. (ITUB) to Issue Monthly Dividend of $0.00 on July 9th

Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Friday, December 12th. Investors of record on Tuesday, June 2nd will be given a dividend of 0.0033 per share by the bank on Thursday, July 9th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, June 2nd.

Itau Unibanco has increased its dividend 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 NYSE ITUB opened at $7.90 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. Itau Unibanco has a twelve month low of $5.93 and a twelve month high of $9.60. The stock has a 50 day moving average of $8.41 and a two-hundred day moving average of $8.10. The stock has a market cap of $87.45 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.85 and a beta of 0.63.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. On average, research analysts forecast that Itau Unibanco will post 0.89 earnings per share for the current year.

Itau Unibanco Company Profile

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.