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

Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Wednesday, December 31st. Investors 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 yield of 0.5%. The ex-dividend date is Thursday, July 2nd.

Itau Unibanco has decreased its dividend by an average of 0.1%annually over the last three years. Itau Unibanco has a payout ratio of 3.7% meaning 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 Trading Up 1.1%

Shares of ITUB stock traded up $0.08 during trading hours on Friday, hitting $7.24. The company had a trading volume of 6,316,095 shares, compared to its average volume of 17,702,362. The company’s fifty day moving average is $7.23 and its 200 day moving average is $6.84. Itau Unibanco has a fifty-two week low of $4.29 and a fifty-two week high of $7.89. The stock has a market capitalization of $80.17 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.58 and a quick ratio of 1.58.

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.