Itau Unibanco Holding SA (NYSE:ITUB) declared a None dividend on Friday, December 22nd, NASDAQ reports. Investors of record on Wednesday, January 3rd will be paid a dividend of 0.004 per share by the bank on Monday, February 12th. This represents a dividend yield of 0.42%. The ex-dividend date is Tuesday, January 2nd.
Itau Unibanco has raised its dividend by an average of 3.6% annually over the last three years. Itau Unibanco has a payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Itau Unibanco to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 4.4%.
Shares of Itau Unibanco (ITUB) traded down $0.08 during midday trading on Thursday, reaching $12.82. The company’s stock had a trading volume of 3,546,200 shares, compared to its average volume of 11,110,174. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.57. The company has a market cap of $79,990.00, a P/E ratio of 11.45, a P/E/G ratio of 1.40 and a beta of 1.58. Itau Unibanco has a 52 week low of $9.95 and a 52 week high of $14.59.
ITUB has been the topic of several recent analyst reports. Zacks Investment Research downgraded Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. BidaskClub downgraded Itau Unibanco from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Deutsche Bank raised Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Monday, December 11th. Finally, ValuEngine raised Itau Unibanco from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.25.
Itau Unibanco Company Profile
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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