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

Itaú Unibanco Holding S.A. (NYSE:ITUB) declared a dividend on Thursday, October 31st, NASDAQ reports. Investors of record on Monday, December 2nd will be given a dividend of 0.0031 per share by the bank on Thursday, January 9th. The ex-dividend date of this dividend is Monday, December 2nd.

Itaú Unibanco has raised its dividend payment by an average of 26.3% per year over the last three years. Itaú Unibanco has a dividend payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Itaú Unibanco to earn $0.88 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 Trading Down 1.8 %

Itaú Unibanco stock traded down $0.11 during mid-day trading on Friday, hitting $5.94. 23,790,671 shares of the stock were exchanged, compared to its average volume of 17,861,041. The firm’s fifty day simple moving average is $6.46 and its two-hundred day simple moving average is $6.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.34. Itaú Unibanco has a 12 month low of $5.47 and a 12 month high of $7.27. The stock has a market capitalization of $58.22 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.79 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last announced its earnings results on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $16.54 billion for the quarter, compared to analyst estimates of $7.72 billion. Itaú Unibanco had a return on equity of 19.14% and a net margin of 11.39%. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts forecast that Itaú Unibanco will post 0.78 EPS for the current year.

Analyst Ratings Changes

Separately, UBS Group cut Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd.

About Itaú Unibanco

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.