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

Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) announced a dividend on Monday, August 5th, NASDAQ reports. Investors of record on Tuesday, September 3rd will be paid a dividend of 0.0031 per share by the bank on Tuesday, October 8th. The ex-dividend date of this dividend is Tuesday, September 3rd.

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Itaú Unibanco has raised its dividend by an average of 26.3% annually over the last three years. Itaú Unibanco has a payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Itaú Unibanco to earn $0.89 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 Stock Performance

ITUB traded up $0.20 on Tuesday, reaching $5.94. The stock had a trading volume of 29,138,157 shares, compared to its average volume of 17,291,561. The business's 50-day moving average price is $6.00 and its two-hundred day moving average price is $6.40. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.37. Itaú Unibanco has a 12-month low of $5.12 and a 12-month high of $7.27. The company has a market cap of $58.22 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 0.72 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The bank reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.34 billion. Itaú Unibanco had a return on equity of 18.73% and a net margin of 11.09%. Sell-side analysts forecast that Itaú Unibanco will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley raised Itaú Unibanco from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 17th.

Read Our Latest Report on ITUB

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.

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