Itaú Unibanco Holding S.A. Plans Dividend of $0.00 (NYSE:ITUB)

Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) announced a dividend on Saturday, May 31st, investing.com reports. Shareholders of record on Wednesday, June 4th will be paid a dividend of 0.0024 per share by the bank on Wednesday, July 9th. This represents a yield of 0.44%. The ex-dividend date is Tuesday, June 3rd.

Itaú Unibanco has decreased its dividend by an average of 26.9% annually over the last three years. Itaú Unibanco has a dividend payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Itaú 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%.

Itaú Unibanco Stock Down 0.8%

ITUB stock traded down $0.06 during trading on Monday, reaching $6.54. The stock had a trading volume of 26,628,420 shares, compared to its average volume of 25,636,088. Itaú Unibanco has a one year low of $4.42 and a one year high of $6.85. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The company's 50 day moving average is $6.04 and its two-hundred day moving average is $5.40. The company has a market capitalization of $70.45 billion, a price-to-earnings ratio of 8.38, a P/E/G ratio of 0.89 and a beta of 0.76.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. The business had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $43.07 billion. Equities research analysts forecast that Itaú Unibanco will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Itaú Unibanco stock. Goldman Sachs Group Inc. boosted its position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 28.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,996,699 shares of the bank's stock after buying an additional 1,107,607 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Itaú Unibanco were worth $27,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Itaú Unibanco Company Profile

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.