Itau Unibanco Holding SA (ADR) Plans Monthly Dividend of $0.01 (ITUB)
Itau Unibanco Holding SA (NASDAQ:ITUB) announced a monthly dividend on Thursday, August 14th, AnalystRatings.Net reports. Stockholders of record on Wednesday, September 3rd will be paid a dividend of 0.0066 per share on Tuesday, October 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, August 29th.
On a related note, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Itau Unibanco Holding SA in a research note on Wednesday, August 6th. They now have a $17.00 price target on the stock, up previously from $16.50.
Shares of Itau Unibanco Holding SA (NASDAQ:ITUB) traded up 1.80% during mid-day trading on Thursday, hitting $15.43. 12,030,708 shares of the company’s stock traded hands. Itau Unibanco Holding SA has a 52-week low of $10.5546 and a 52-week high of $16.26. The stock’s 50-day moving average is $15.21 and its 200-day moving average is $13.93. The company has a market cap of $84.367 billion and a P/E ratio of 10.65.
Itau Unibanco Holding SA (NASDAQ:ITUB) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38. On average, analysts predict that Itau Unibanco Holding SA will post $1.50 earnings per share for the current fiscal year.
Itau Unibanco Holding SA is a Brazil-based holding active in the banking sector. The Company divides its activities into four segments: Commercial Banking, which offers retail banking and legal entities customers services, among others; Itau BBA, which offers products and wholesale services for companies as well as investment banking activities; Consumer Credit, which provides financial products and services such as checking accounts, auto loans and credit card transactions, among others; Market and Corporation Activity, which provides excess cash management, subordinated debt surplus administration and leads observations on certain treasury activities, among others.
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