Itaú Unibanco Holding S.A. (NYSE:ITUB) Declares Dividend of $0.05

Itaú Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) announced a dividend on Friday, June 6th, investing.com reports. Shareholders of record on Thursday, June 12th will be given a dividend of 0.0454 per share by the bank on Monday, September 8th. This represents a yield of 6.22%. The ex-dividend date is Wednesday, June 11th. This is a 1,773.7% increase from Itaú Unibanco's previous dividend of $0.0024229.

Itaú Unibanco has decreased its dividend payment by an average of 26.9% per year over the last three years. Itaú Unibanco has a payout ratio of 3.7% meaning 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 Stock Up 0.1%

Shares of ITUB stock opened at $6.54 on Friday. The stock has a 50 day moving average of $6.12 and a 200 day moving average of $5.44. Itaú Unibanco has a twelve month low of $4.42 and a twelve month high of $6.85. The stock has a market cap of $70.45 billion, a P/E ratio of 8.38, a P/E/G ratio of 0.89 and a beta of 0.76. 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 announced its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $43.07 billion. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, sell-side analysts expect that Itaú Unibanco will post 0.8 EPS for the current year.

Institutional Trading of Itaú Unibanco

An institutional investor recently raised its position in Itaú Unibanco stock. Goldman Sachs Group Inc. boosted its holdings 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 & Exchange Commission. The institutional investor owned 4,996,699 shares of the bank's stock after purchasing 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 SEC filing.

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.

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