Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) announced a monthly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.003 per share by the bank on Monday, December 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Tuesday, November 12th.
Itaú Unibanco has raised its dividend by an average of 26.3% per year over the last three years. Itaú Unibanco has a payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Itaú Unibanco to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.5%.
Itaú Unibanco Trading Down 1.5 %
Shares of NYSE ITUB traded down $0.09 during midday trading on Friday, hitting $5.96. The stock had a trading volume of 20,516,313 shares, compared to its average volume of 17,845,633. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.07 and a quick ratio of 1.07. Itaú Unibanco has a fifty-two week low of $5.47 and a fifty-two week high of $7.27. The firm has a market cap of $58.41 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. The company's 50-day simple moving average is $6.47 and its 200 day simple moving average is $6.27.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last released its earnings results on Tuesday, August 6th. The bank reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $16.54 billion for the quarter, compared to analyst estimates of $7.72 billion. Itaú Unibanco had a return on equity of 19.14% and a net margin of 11.39%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Research analysts anticipate that Itaú Unibanco will post 0.78 EPS for the current year.
Analyst Ratings Changes
Separately, UBS Group lowered Itaú Unibanco from a "buy" rating to a "neutral" rating in a report on Thursday, August 22nd.
Read Our Latest Stock Analysis on ITUB
Itaú Unibanco Company Profile
(
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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.
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