2 weeks Ago By Defense World Staff
Itaú Unibanco Holding S.A. ( NYSE:ITUB – Get Free Report ) announced a dividend on Thursday, September 5th, NASDAQ reports.
Shareholders 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 is Wednesday, October 2nd.
Itaú Unibanco has increased its dividend by an average of 26.3% per year over the last three years. Itaú Unibanco has a payout ratio of 4.
8% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.
4 % Shares of ITUB opened at $6.78 on Monday. The stock has a fifty day moving average price of $6.
46 and a two-hundred day moving average price of $6.33. 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 market cap of $66.45 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.
84 and a beta of 0.97. Itaú Unibanco has a 52-week low of $5.
12 and a 52-week high of $7.27. Analysts Set New Price Targets A number of brokerages recently weighed in on ITUB.
UBS Group lowered shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. Morgan Stanley raised 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 given a buy rating to the company.
According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.05.
Get Our Latest Stock Analysis on ITUB Itaú Unibanco Company Profile ( Get Free Report ) 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.
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