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

Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) declared a dividend on Thursday, October 31st, NASDAQ reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.0031 per share by the bank on Thursday, January 9th. The ex-dividend date of this dividend is Monday, December 2nd.

Itaú Unibanco has raised its dividend payment by an average of 26.3% annually 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 Price Performance

Shares of ITUB stock traded down $0.11 during mid-day trading on Friday, reaching $5.94. The company's stock had a trading volume of 23,790,671 shares, compared to its average volume of 17,861,041. Itaú Unibanco has a 1-year low of $5.47 and a 1-year high of $7.27. The company has a market cap of $58.22 billion, a P/E ratio of 7.82, a PEG ratio of 0.79 and a beta of 0.97. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.07 and a current ratio of 1.07. The firm's 50-day moving average is $6.46 and its two-hundred day moving average is $6.27.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its earnings results on Tuesday, August 6th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $16.54 billion during the quarter, compared to analysts' expectations of $7.72 billion. Itaú Unibanco had a net margin of 11.39% and a return on equity of 19.14%. During the same quarter last year, the company posted $0.18 EPS. On average, research analysts predict that Itaú Unibanco will post 0.78 earnings per share for the current year.

Analyst Ratings Changes

Separately, UBS Group cut shares of Itaú Unibanco from a "buy" rating to a "neutral" rating in a research report on Thursday, August 22nd.

Itaú Unibanco Company Profile

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.