Itau Unibanco Holding S.A. (NYSE:ITUB) Declares $0.00 Monthly Dividend

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Friday, December 12th. Stockholders of record on Tuesday, February 3rd will be given a dividend of 0.0033 per share by the bank on Monday, March 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Itau Unibanco has decreased its dividend by an average of 0.1%annually over the last three years. Itau Unibanco has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. 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 $0.03 annual dividend with an expected future payout ratio of 3.4%.

Itau Unibanco Price Performance

Shares of NYSE ITUB opened at $8.60 on Friday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.58 and a current ratio of 1.58. Itau Unibanco has a fifty-two week low of $4.73 and a fifty-two week high of $9.10. The stock has a market cap of $95.27 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65. The stock has a fifty day moving average of $7.47 and a 200-day moving average of $7.04.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Itau Unibanco by 3,590.6% in the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock valued at $29,000 after purchasing an additional 4,201 shares in the last quarter. MAI Capital Management bought a new position in shares of Itau Unibanco in the 2nd quarter worth $41,000. EverSource Wealth Advisors LLC raised its position in shares of Itau Unibanco by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after buying an additional 5,355 shares in the last quarter. Community Bank N.A. bought a new stake in shares of Itau Unibanco during the 3rd quarter worth $57,000. Finally, First Horizon Corp purchased a new position in Itau Unibanco in the third quarter worth $60,000.

About Itau Unibanco

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.