Itau Unibanco Holding SA (ITUB) to Issue None Dividend of $0.00 on February 12th

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.

Itau Unibanco declared that its Board of Directors has approved a stock buyback program on Thursday, August 31st that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.

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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.

Dividend History for Itau Unibanco (NYSE:ITUB)

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