Itau Unibanco Banco Holding SA (NYSE:ITUB) declared a monthly dividend on Friday, July 14th, Wall Street Journal reports. Shareholders of record on Thursday, August 3rd will be paid a dividend of 0.0047 per share by the bank on Monday, September 11th. This represents a $0.06 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, August 1st.
Itau Unibanco Banco Holding SA has raised its dividend by an average of 3.6% per year over the last three years. Itau Unibanco Banco Holding SA has a payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Itau Unibanco Banco Holding SA to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 5.6%.
Itau Unibanco Banco Holding SA (ITUB) traded up 0.90% during trading on Friday, hitting $12.36. The company had a trading volume of 6,798,619 shares. The company has a market cap of $80.32 billion, a PE ratio of 10.61 and a beta of 1.61. The company’s 50 day moving average price is $11.61 and its 200-day moving average price is $11.93. Itau Unibanco Banco Holding SA has a 12 month low of $9.10 and a 12 month high of $13.65.
A number of equities research analysts recently weighed in on the stock. J P Morgan Chase & Co downgraded shares of Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price objective for the company. in a research report on Wednesday, July 12th. ValuEngine raised shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. Finally, Zacks Investment Research downgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th.
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About Itau Unibanco Banco Holding SA
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.
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