Itau Unibanco Holding S.A. (NYSE:ITUB) Announces Monthly Dividend of $0.00

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Wednesday, December 31st. Investors of record on Wednesday, September 2nd will be given a dividend of 0.0032 per share by the bank on Thursday, October 8th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 2nd.

Itau Unibanco has decreased its dividend payment by an average of 0.1%annually over the last three years. Itau Unibanco has a payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of Itau Unibanco stock traded up $0.11 on Friday, reaching $7.27. 5,296,000 shares of the stock were exchanged, compared to its average volume of 17,702,362. The firm’s 50 day moving average is $7.23 and its 200-day moving average is $6.84. The firm has a market cap of $80.47 billion, a PE ratio of 10.35, a P/E/G ratio of 1.05 and a beta of 0.65. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.58 and a current ratio of 1.58. Itau Unibanco has a one year low of $4.29 and a one year high of $7.89.

Institutional Investors Weigh In On Itau Unibanco

Hedge funds have recently made changes to their positions in the business. Park Avenue Securities LLC boosted its position in Itau Unibanco by 17.5% during the third quarter. Park Avenue Securities LLC now owns 12,022 shares of the bank’s stock valued at $88,000 after buying an additional 1,790 shares during the period. Flputnam Investment Management Co. increased its holdings in Itau Unibanco by 10.7% during the 1st quarter. Flputnam Investment Management Co. now owns 19,916 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,930 shares during the period. Integrated Wealth Concepts LLC raised its position in Itau Unibanco by 4.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 46,642 shares of the bank’s stock valued at $342,000 after purchasing an additional 2,130 shares during the last quarter. Hamilton Capital LLC lifted its holdings in Itau Unibanco by 15.5% in the 1st quarter. Hamilton Capital LLC now owns 16,081 shares of the bank’s stock worth $88,000 after buying an additional 2,163 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Itau Unibanco by 31.7% in the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock worth $69,000 after buying an additional 2,455 shares during the last quarter.

About Itau Unibanco

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.