Penny Stock of the Day: Itau Unibanco Holding SA ADR (NYSE: ITUB) Today’s penny stock pick is the financial services company, Itau Unibanco Holding SA ADR (NYSE: ITUB).
Itau Unibanco Holding SA ADR provides a range of financial products and services in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers various deposit products, as well as loans and credit cards; investment banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services. The company also provides property and casualty insurance products covering loss, damage, or liabilities for assets or persons, as well as life insurance products covering death and personal accident; and reinsurance products. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and companies.
Potential Catalysts / Reasons for the Hype: The company declared a monthly dividend. Investors of record on Wednesday, February 2nd will be paid a dividend of 0.003 per share by the bank on Monday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, February 1st. Hedge Funds Increased Holdings by 54.5K Shares Last Quarter.
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