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

Itau Unibanco Holding S.A. (NYSE:ITUB) declared a monthly dividend on Friday, December 12th. Investors of record on Tuesday, February 3rd will be given a dividend of 0.0033 per share by the bank on Monday, March 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 3rd.

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

Itau Unibanco stock opened at $8.60 on Friday. Itau Unibanco has a fifty-two week low of $4.73 and a fifty-two week high of $9.10. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.58 and a current ratio of 1.58. The firm’s 50-day simple moving average is $7.47 and its 200 day simple moving average is $7.04. The stock has a market cap of $95.27 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.05 and a beta of 0.65.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pekin Hardy Strauss Inc. increased its holdings in Itau Unibanco by 3.1% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 51,326 shares of the bank’s stock worth $367,000 after acquiring an additional 1,521 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Itau Unibanco by 17.5% during the third quarter. Park Avenue Securities LLC now owns 12,022 shares of the bank’s stock valued at $88,000 after purchasing an additional 1,790 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Itau Unibanco by 40.1% during the fourth quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock worth $48,000 after purchasing an additional 1,901 shares during the period. Yousif Capital Management LLC increased its stake in shares of Itau Unibanco by 3.0% in the fourth quarter. Yousif Capital Management LLC now owns 65,655 shares of the bank’s stock worth $489,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Itau Unibanco by 4.8% in the third quarter. Integrated Wealth Concepts LLC now owns 46,642 shares of the bank’s stock valued at $342,000 after purchasing an additional 2,130 shares during the period.

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.