Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) 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 is Monday, December 2nd.
Itaú Unibanco has raised its dividend payment by an average of 26.3% annually over the last three years. Itaú Unibanco has a dividend payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Equities 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%.
Shares of Itaú Unibanco stock traded down $0.11 on Friday, reaching $5.94. The company's stock had a trading volume of 23,790,671 shares, compared to its average volume of 17,861,041. Itaú Unibanco has a 52 week low of $5.47 and a 52 week high of $7.27. 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. The company has a market capitalization of $58.22 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.79 and a beta of 0.97.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $16.54 billion during the quarter, compared to analysts' expectations 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 business earned $0.18 earnings per share. Equities analysts anticipate that Itaú Unibanco will post 0.78 earnings per share for the current year.
Separately, UBS Group downgraded Itaú Unibanco from a "buy" rating to a "neutral" rating in a research report on Thursday, August 22nd.
Get Our Latest Analysis on ITUB
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.
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