Itau Unibanco Holding S.A. (ITUB) to Issue Monthly Dividend of $0.07 on May 7th

Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Friday, November 28th. Stockholders of record on Thursday, December 11th will be given a dividend of 0.0693 per share by the bank on Thursday, May 7th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Thursday, December 11th.

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 461.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Itau Unibanco to earn $0.87 per share next year, which means the company may not be able to cover its $3.78 annual dividend with an expected future payout ratio of 434.5%.

Itau Unibanco Trading Down 0.9%

Shares of NYSE:ITUB traded down $0.07 during trading on Tuesday, reaching $7.51. The company’s stock had a trading volume of 2,863,885 shares, compared to its average volume of 27,594,051. The stock has a market capitalization of $80.91 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. Itau Unibanco has a 12 month low of $4.42 and a 12 month high of $8.13. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.33. The firm’s 50 day simple moving average is $7.35 and its two-hundred day simple moving average is $6.96.

About Itau Unibanco

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.