Itau Unibanco Holding S.A. (ITUB) To Go Ex-Dividend on March 23rd

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a special dividend on Friday, February 27th. Shareholders of record on Monday, March 23rd will be given a dividend of 0.068 per share by the bank on Tuesday, September 8th. The ex-dividend date of this dividend is Monday, March 23rd.

Itau Unibanco has increased its dividend by an average of 0.2%annually over the last three years. Itau Unibanco has a payout ratio of 74.4% meaning 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 $0.61 annual dividend with an expected future payout ratio of 70.1%.

Itau Unibanco Stock Performance

Shares of ITUB stock opened at $7.85 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.58. The firm has a 50-day moving average of $8.53 and a 200-day moving average of $7.59. Itau Unibanco has a one year low of $4.97 and a one year high of $9.60. The company has a market cap of $86.92 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.89 and a beta of 0.63.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings results 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 return on equity of 20.83% and a net margin of 20.64%.The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.98 billion. Equities research analysts forecast that Itau Unibanco will post 0.8 EPS 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.