Itau Unibanco Holding S.A. (ITUB) To Go Ex-Dividend on March 3rd

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Friday, December 12th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of 0.0033 per share by the bank on Thursday, April 9th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, March 3rd.

Itau Unibanco has increased its dividend payment by an average of 0.2%annually 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 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

Shares of Itau Unibanco stock opened at $9.05 on Friday. The company’s 50 day moving average price is $8.21 and its two-hundred day moving average price is $7.44. The firm has a market capitalization of $100.19 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.99 and a beta of 0.62. Itau Unibanco has a fifty-two week low of $4.73 and a fifty-two week high of $9.60. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.58.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data on Thursday, February 5th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.98 billion. On average, equities analysts forecast that Itau Unibanco will post 0.8 earnings per share for the current fiscal year.

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.