Itau Unibanco Holding SA (ITUB) to Issue None Dividend of $0.21 on September 3rd
Itau Unibanco Holding SA (NYSE:ITUB) declared a None dividend on Wednesday, July 31st, NASDAQ reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.21 per share by the bank on Tuesday, September 3rd. The ex-dividend date is Friday, August 16th. This is an increase from Itau Unibanco’s previous None dividend of $0.004.
Itau Unibanco has increased its dividend by an average of 18.4% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Itau Unibanco has a dividend payout ratio of 4.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Itau Unibanco to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 6.0%.
Shares of NYSE ITUB traded down $0.22 during trading on Wednesday, hitting $8.78. 129,251 shares of the company were exchanged, compared to its average volume of 18,921,223. Itau Unibanco has a 12-month low of $6.57 and a 12-month high of $10.80. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.73 and a quick ratio of 1.73. The company’s fifty day moving average is $9.48. The stock has a market cap of $90.05 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.16 and a beta of 0.93.
Itau Unibanco Company Profile
Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.
Recommended Story: What is a blue-chip stock?
Receive News & Ratings for Itau Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.