Itau Unibanco Holding SA (NYSE:ITUB) announced a monthly dividend on Friday, February 9th, Wall Street Journal reports. Shareholders of record on Friday, March 2nd will be paid a dividend of 0.0046 per share by the bank on Thursday, April 12th. This represents a $0.05 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Thursday, March 1st.
Itau Unibanco has decreased its dividend payment by an average of 9.7% per year over the last three years. Itau Unibanco has a dividend payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Itau Unibanco to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 4.1%.
Shares of Itau Unibanco (ITUB) traded up $0.36 during midday trading on Friday, hitting $15.47. 14,150,000 shares of the company’s stock traded hands, compared to its average volume of 11,830,000. The stock has a market cap of $96,380.00, a price-to-earnings ratio of 13.94, a P/E/G ratio of 1.71 and a beta of 1.79. Itau Unibanco has a 52 week low of $10.02 and a 52 week high of $16.98. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.57.
ITUB has been the topic of several research analyst reports. Deutsche Bank upgraded shares of Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday, December 11th. Zacks Investment Research lowered shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. ValuEngine raised Itau Unibanco from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, BidaskClub downgraded Itau Unibanco from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.25.
COPYRIGHT VIOLATION NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/09/itau-unibanco-holding-sa-itub-declares-monthly-dividend-of-0-00.html.
Itau Unibanco 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.
Receive News & Ratings for Itau Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.