Itau Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) declared a dividend on Tuesday, July 1st, investing.com reports. Stockholders of record on Thursday, July 3rd will be given a dividend of 0.0024 per share by the bank on Friday, August 8th. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, July 2nd.
Itau Unibanco has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance
Shares of NYSE ITUB traded up $0.14 during midday trading on Friday, reaching $6.95. 16,924,075 shares of the company traded hands, compared to its average volume of 26,031,497. The company has a market cap of $74.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.07 and a beta of 0.76. The stock has a 50-day moving average price of $6.58 and a 200 day moving average price of $5.67. Itau Unibanco has a 52 week low of $4.42 and a 52 week high of $6.95. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.74 and a quick ratio of 1.74.
Itau Unibanco (NYSE:ITUB - Get Free Report) last released its 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. The firm had revenue of $7.93 billion for the quarter, compared to analysts' expectations of $43.07 billion. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. Sell-side analysts anticipate that Itau Unibanco will post 0.8 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Itau Unibanco
An institutional investor recently raised its position in Itau Unibanco stock. Royal Bank of Canada raised its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 11.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 445,578 shares of the bank's stock after purchasing an additional 46,608 shares during the quarter. Royal Bank of Canada's holdings in Itau Unibanco were worth $2,450,000 as of its most recent SEC filing.
About Itau Unibanco
(
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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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