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

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Friday, December 12th. Investors of record on Tuesday, February 3rd will be paid a dividend of 0.0033 per share by the bank on Monday, March 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, February 3rd.

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

Shares of NYSE ITUB opened at $8.60 on Friday. Itau Unibanco has a one year low of $4.73 and a one year high of $9.10. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.58 and a quick ratio of 1.58. The firm’s 50 day simple moving average is $7.47 and its two-hundred day simple moving average is $7.04. The stock has a market capitalization of $95.27 billion, a P/E ratio of 12.26, a PEG ratio of 1.05 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ITUB shares. Zacks Research raised shares of Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. boosted their target price on Itau Unibanco from $6.80 to $7.77 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Itau Unibanco in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $7.77.

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.