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

Itaú Unibanco Holding S.A. (NYSE:ITUB) announced a dividend on Thursday, September 5th, NASDAQ reports. Stockholders of record on Wednesday, October 2nd will be paid a dividend of 0.0031 per share by the bank on Friday, November 8th. The ex-dividend date of this dividend is Wednesday, October 2nd.

Itaú Unibanco has increased its dividend by an average of 26.3% annually over the last three years. Itaú Unibanco has a payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Itaú Unibanco to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.5%.

Itaú Unibanco Stock Down 1.9 %

Shares of Itaú Unibanco stock traded down $0.13 during trading on Friday, hitting $6.61. The company’s stock had a trading volume of 15,523,456 shares, compared to its average volume of 17,582,184. Itaú Unibanco has a 52 week low of $5.12 and a 52 week high of $7.27. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day simple moving average of $6.27 and a two-hundred day simple moving average of $6.37. The company has a market capitalization of $64.78 billion, a PE ratio of 9.11, a P/E/G ratio of 0.84 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Itaú Unibanco had a return on equity of 19.14% and a net margin of 11.39%. The company had revenue of $16.54 billion during the quarter, compared to analyst estimates of $7.72 billion. During the same quarter last year, the company earned $0.18 EPS. Equities research analysts predict that Itaú Unibanco will post 0.78 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group cut Itaú Unibanco from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. Morgan Stanley upgraded shares of Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.05.

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.