Dividend Action: $0.01 dividends will be a reality for Itau Unibanco Banco Holding SA (NYSE:ITUB)’s shareholders on Dec 12, 2016.

Dividend Action: $0.01 dividends will be a reality for Itau Unibanco Banco Holding SA (NYSE:ITUB)'s shareholders on Dec 12, 2016.

Itau Unibanco Banco Holding SA (NYSE:ITUB) is expected to pay $0.01 on Dec 12, 2016. The indicated annual dividend is $0.05. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on Itau Unibanco Banco Holding SA’s current price of $11.55, the dividend is 0.08%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 13, 2016. The stock decreased 0.26% or $0.03 on October 28, hitting $11.55. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has risen 45.53% since March 29, 2016 and is uptrending. It has outperformed by 42.06% the S&P500.

Itau Unibanco Holding S.A. is a holding company. The company has a market cap of $70.69 billion. The Firm provides a range of financial services and products to individual and corporate clients in Brazil and abroad. It has a 9.63 P/E ratio. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange activities and other complementary activities.

Itau Unibanco Holding SA (ADR) (NYSE:ITUB) Ratings Coverage

Out of 8 analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB), 2 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 25% are positive. $30 is the highest target while $10 is the lowest. The $20.50 average target is 77.49% above today’s ($11.55) stock price. Itau Unibanco Banco Holding SA has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Tuesday, March 15, the company rating was initiated by Scotia Capital. The company was upgraded on Wednesday, July 20 by Goldman Sachs. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, March 22. On Friday, April 8 the stock rating was downgraded by Citigroup to “Sell”. The firm has “Neutral” rating given on Thursday, October 15 by Citigroup. The firm has “Sell” rating by Goldman Sachs given on Tuesday, March 29. As per Tuesday, August 16, the company rating was maintained by JP Morgan. Credit Suisse downgraded it to “Underperform” rating and $30 target price in Tuesday, October 13 report. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, April 27 report.

More news for Itau Unibanco Holding SA (ADR) (NYSE:ITUB) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Nasdaq.com‘s article titled: “Itau Unibanco Holding SA ADS (ITUB): New Analyst Report from Zacks Equity …” and published on January 06, 2014 is yet another important article.

ITUB Company Profile

Itau Unibanco Holding S.A. (Itau Unibanco Holding), incorporated on October 9, 1943, is a holding company. The Firm provides a range of financial services and products to individual and corporate clients in Brazil and abroad. The Firm operates through three divisions: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Firm is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange activities and other complementary activities, with emphasis on insurance, private pension plans, capitalization, securities brokerage and administration of credit cards, consortia, investment funds and managed portfolios. The Company’s distribution network is divided into standard channels, which include branches, customer site branches (which are banking service centers located at certain corporate clients) (CSBs), automatic teller machines (ATMs), telephones, and digital channels, such as Internet banking and mobile banking. The Company’s standard branch network reaches approximately 3,910 branches. It has over 25 branches in Brazil. The Company’s services and products include credit cards, payroll loans, vehicles, real estate financing and mortgages, consortia services fees, merchant acquirer, insurance, pension plans, premium bonds and retail banking.

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