Itau Unibanco Holding: Dividend Insights
Portfolio Pulse from Benzinga Insights
Itau Unibanco Holding (NYSE:ITUB) announced a monthly dividend of 0.36 cents per share, with the ex-dividend date set for Friday. Shareholders owning ITUB stock by the end of Thursday are eligible for the dividend, which will be paid on February 12, 2024. The stock is expected to open 0.36 cents lower on the ex-dividend date.
December 26, 2023 | 2:46 pm
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Itau Unibanco Holding will pay a monthly dividend of 0.36 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of ITUB is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend and is typically a temporary adjustment rather than a reflection of the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100