Itaú Unibanco Holding S.A. to Issue 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 of this dividend is Tuesday, June 3rd.

Itaú Unibanco has decreased its dividend payment by an average of 26.9% per year over the last three years. Itaú Unibanco has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NYSE ITUB traded down $0.05 during midday trading on Wednesday, reaching $6.54. The company's stock had a trading volume of 21,881,140 shares, compared to its average volume of 25,647,922. Itaú Unibanco has a one year low of $4.42 and a one year high of $6.85. The company has a market cap of $70.51 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 0.89 and a beta of 0.76. The company has a 50 day moving average price of $6.08 and a 200 day moving average price of $5.42. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, beating the consensus estimate 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. On average, equities research analysts expect 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. Royal Bank of Canada raised its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,578 shares of the bank's stock after acquiring an additional 46,608 shares during the quarter. Royal Bank of Canada's holdings in Itaú Unibanco were worth $2,450,000 at the end of the most recent quarter.

About Itaú Unibanco

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.