Itaú Unibanco Holding S.A. to Issue Dividend of $0.00 (NYSE:ITUB)

Itaú Unibanco Holding S.A. (NYSE:ITUB) announced a dividend on Wednesday, December 25th, NASDAQ Dividends reports. Investors 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 of this dividend 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. 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 Itaú Unibanco stock opened at $5.48 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The stock’s fifty day moving average is $5.47 and its two-hundred day moving average is $5.94. Itaú Unibanco has a 52 week low of $4.86 and a 52 week high of $7.04. The company has a market capitalization of $53.66 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95.

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

Analyst Ratings Changes

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