Itau Unibanco Holding S.A. (NYSE:ITUB) Announces Special Dividend of $0.07

Itau Unibanco Holding S.A. (NYSE:ITUBGet Free Report) declared a special dividend on Friday, February 27th. Investors of record on Monday, March 23rd will be given a dividend of 0.068 per share by the bank on Tuesday, September 8th. The ex-dividend date of this dividend is Monday, March 23rd.

Itau Unibanco has increased its dividend payment by an average of 0.2%annually over the last three years. Itau Unibanco has a dividend payout ratio of 74.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Itau Unibanco to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 70.1%.

Itau Unibanco Price Performance

Shares of ITUB opened at $7.85 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.58. Itau Unibanco has a 1-year low of $4.97 and a 1-year high of $9.60. The stock has a market cap of $86.92 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.89 and a beta of 0.63. The firm has a fifty day moving average price of $8.53 and a 200 day moving average price of $7.59.

Itau Unibanco (NYSE:ITUBGet Free Report) last posted its earnings results on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%.The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.98 billion. As a group, sell-side analysts anticipate that Itau Unibanco will post 0.8 EPS for the current year.

Itau Unibanco Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Itau Unibanco (NYSE:ITUB)

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