Itaú Unibanco Holding S.A. (ITUB) to Issue Dividend of $0.00 on April 8th

Itaú Unibanco Holding S.A. (NYSE:ITUB) announced a dividend on Wednesday, December 25th, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.0029 per share by the bank on Tuesday, April 8th. The ex-dividend date is Tuesday, March 4th.

Itaú Unibanco has decreased its dividend by an average of 26.9% per year over the last three years. Itaú Unibanco has a dividend payout ratio of 3.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of ITUB stock opened at $5.48 on Friday. Itaú Unibanco has a 1-year low of $4.86 and a 1-year high of $7.04. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $53.66 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 0.89 and a beta of 0.95. The stock’s fifty day simple moving average is $5.47 and its 200-day simple moving average is $5.94.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. On average, sell-side analysts predict that Itaú Unibanco will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ITUB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price on the stock in a research note on Monday, January 13th. Finally, UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $6.90.

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.