Itau Unibanco Holding S.A. (NYSE:ITUB) Plans Monthly Dividend of $0.00

Itau Unibanco Holding S.A. (NYSE:ITUB) announced a monthly dividend on Wednesday, December 31st. Investors of record on Friday, October 2nd will be paid a dividend of 0.0032 per share by the bank on Tuesday, November 10th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, October 2nd.

Itau Unibanco has decreased its dividend by an average of 0.1%per year over the last three years. Itau Unibanco has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. 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

Itau Unibanco stock traded up $0.11 during trading on Friday, reaching $7.27. The company had a trading volume of 5,296,000 shares, compared to its average volume of 17,702,362. The firm’s 50-day simple moving average is $7.23 and its 200 day simple moving average is $6.84. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.33. Itau Unibanco has a 52 week low of $4.29 and a 52 week high of $7.89. The firm has a market capitalization of $80.47 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65.

Institutional Trading of Itau Unibanco

Several institutional investors and hedge funds have recently bought and sold shares of ITUB. Coldstream Capital Management Inc. increased its stake in shares of Itau Unibanco by 84.3% in the third quarter. Coldstream Capital Management Inc. now owns 25,879 shares of the bank’s stock worth $190,000 after acquiring an additional 11,834 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Itau Unibanco by 486.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock valued at $66,000 after purchasing an additional 7,436 shares during the last quarter. PharVision Advisers LLC acquired a new stake in Itau Unibanco during the 3rd quarter worth $113,000. Voloridge Investment Management LLC boosted its position in shares of Itau Unibanco by 16.2% during the third quarter. Voloridge Investment Management LLC now owns 12,598,545 shares of the bank’s stock worth $92,473,000 after purchasing an additional 1,753,068 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Itau Unibanco during the 3rd quarter worth approximately $158,000.

About Itau Unibanco

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.