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

Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Wednesday, December 31st. Investors of record on Wednesday, November 4th will be given a dividend of 0.0032 per share by the bank on Tuesday, December 8th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, November 4th.

Itau Unibanco has decreased its dividend 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 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 Stock Up 1.5%

ITUB traded up $0.11 during trading hours on Friday, hitting $7.27. 5,296,000 shares of the company’s stock were exchanged, compared to its average volume of 17,702,362. The firm has a 50 day moving average of $7.23 and a 200 day moving average of $6.84. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.33. Itau Unibanco has a 12-month low of $4.29 and a 12-month high of $7.89. The firm has a market cap of $80.47 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65.

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.