Itau Unibanco Banco Holding SA (NYSE:ITUB) announced a monthly dividend on Wednesday, August 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, September 6th will be paid a dividend of 0.0047 per share by the bank on Thursday, October 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, September 1st. This is a boost from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00467.

Itau Unibanco Banco Holding SA has increased its dividend by an average of 3.6% per year over the last three years. Itau Unibanco Banco Holding SA has a dividend payout ratio of 5.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Itau Unibanco Banco Holding SA to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 5.4%.

Shares of Itau Unibanco Banco Holding SA (NYSE ITUB) traded up 1.81% during mid-day trading on Wednesday, hitting $12.96. 13,046,738 shares of the stock traded hands. The company has a market capitalization of $84.22 billion, a PE ratio of 11.23 and a beta of 1.61. The company’s 50-day moving average price is $11.97 and its 200 day moving average price is $11.96. Itau Unibanco Banco Holding SA has a 1-year low of $9.10 and a 1-year high of $13.65.

Several equities research analysts have weighed in on the company. J P Morgan Chase & Co downgraded Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Wednesday, July 12th. ValuEngine raised Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. Finally, Zacks Investment Research downgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th.

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Itau Unibanco Banco Holding SA Company Profile

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

Dividend History for Itau Unibanco Banco Holding SA (NYSE:ITUB)

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