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

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Wednesday, December 31st. Stockholders of record on Tuesday, August 4th will be given a dividend of 0.0032 per share by the bank on Wednesday, September 9th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, August 4th.

Itau Unibanco has decreased its dividend payment by an average of 0.1%annually over the last three years. Itau Unibanco has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

ITUB traded up $0.11 during trading hours on Friday, hitting $7.27. The company’s stock had a trading volume of 5,296,000 shares, compared to its average volume of 17,702,362. The firm has a market capitalization of $80.47 billion, a PE ratio of 10.35, a PEG ratio of 1.05 and a beta of 0.65. The company has a 50-day simple moving average of $7.23 and a 200 day simple moving average of $6.84. Itau Unibanco has a fifty-two week low of $4.29 and a fifty-two week high of $7.89. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.33.

Hedge Funds Weigh In On Itau Unibanco

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC lifted its stake in shares of Itau Unibanco by 17.5% in the 3rd quarter. Park Avenue Securities LLC now owns 12,022 shares of the bank’s stock valued at $88,000 after purchasing an additional 1,790 shares during the period. Flputnam Investment Management Co. raised its holdings in shares of Itau Unibanco by 10.7% in the 1st quarter. Flputnam Investment Management Co. now owns 19,916 shares of the bank’s stock worth $110,000 after acquiring an additional 1,930 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Itau Unibanco by 4.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 46,642 shares of the bank’s stock worth $342,000 after acquiring an additional 2,130 shares during the last quarter. Hamilton Capital LLC grew its position in Itau Unibanco by 15.5% in the 1st quarter. Hamilton Capital LLC now owns 16,081 shares of the bank’s stock worth $88,000 after purchasing an additional 2,163 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Itau Unibanco by 31.7% during the second quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock valued at $69,000 after acquiring an additional 2,455 shares during the last quarter.

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.