Itau Unibanco Holding S.A. (ITUB) to Issue Monthly Dividend of $0.00 on January 9th

Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Monday, June 2nd. Stockholders of record on Tuesday, December 2nd will be paid a dividend of 0.0031 per share by the bank on Friday, January 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, December 2nd.

Itau Unibanco has decreased its dividend payment by an average of 0.1%per year over the last three years. Itau Unibanco has a dividend payout ratio of 3.7% 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 $0.03 annual dividend with an expected future payout ratio of 3.4%.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $7.80 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a 50-day simple moving average of $7.29 and a two-hundred day simple moving average of $6.92. The firm has a market capitalization of $84.05 billion, a PE ratio of 11.05, a P/E/G ratio of 1.10 and a beta of 0.85. Itau Unibanco has a 52-week low of $4.42 and a 52-week high of $7.86.

Institutional Investors Weigh In On Itau Unibanco

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its stake in shares of Itau Unibanco by 21.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,890 shares of the bank’s stock worth $76,000 after purchasing an additional 2,468 shares during the period. Banque Cantonale Vaudoise bought a new stake in Itau Unibanco in the first quarter worth about $495,000. Natixis Advisors LLC boosted its position in shares of Itau Unibanco by 31.8% during the first quarter. Natixis Advisors LLC now owns 2,660,338 shares of the bank’s stock valued at $14,632,000 after buying an additional 641,518 shares during the period. US Bancorp DE grew its stake in shares of Itau Unibanco by 11.7% during the first quarter. US Bancorp DE now owns 270,433 shares of the bank’s stock valued at $1,487,000 after buying an additional 28,280 shares during the last quarter. Finally, Barings LLC grew its stake in shares of Itau Unibanco by 10.0% during the first quarter. Barings LLC now owns 1,514,547 shares of the bank’s stock valued at $8,330,000 after buying an additional 137,686 shares during the last quarter.

Itau 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.