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

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Monday, June 2nd. Shareholders of record on Tuesday, December 2nd will be paid a dividend of 0.0031 per share by the bank on Friday, January 9th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, December 2nd.

Itau Unibanco has decreased its dividend by an average of 0.1%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 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 1.8%

ITUB stock opened at $7.80 on Friday. Itau Unibanco has a 1-year low of $4.42 and a 1-year high of $7.86. The stock has a market cap of $84.05 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.10 and a beta of 0.85. The stock’s fifty day simple moving average is $7.29 and its two-hundred day simple moving average is $6.92. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39.

Itau Unibanco Company Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.