Itaú Unibanco Holding S.A. (ITUB) To Go Ex-Dividend on December 2nd

Itaú Unibanco Holding S.A. (NYSE:ITUB) declared a dividend on Thursday, October 31st,NASDAQ Dividends reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.0031 per share by the bank on Thursday, January 9th. The ex-dividend date of this dividend is Monday, December 2nd.

Itaú Unibanco has increased its dividend payment by an average of 26.3% per year over the last three years. Itaú Unibanco has a payout ratio of 4.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Itaú Unibanco to earn $0.84 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 4.8%.

Itaú Unibanco Stock Down 6.5 %

Shares of ITUB stock opened at $5.37 on Friday. The stock’s fifty day moving average price is $6.19 and its 200 day moving average price is $6.23. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.75 and a quick ratio of 1.75. Itaú Unibanco has a 1-year low of $5.28 and a 1-year high of $7.27. The company has a market cap of $52.58 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98.

Analysts Set New Price Targets

ITUB has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. UBS Group lowered shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Itaú Unibanco presently has an average rating of “Moderate Buy” and an average price target of $7.50.

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.