Itaú Unibanco Approves Interest Payment for Stockholders

Itaú Unibanco Announces Interest Payments to Stockholders
Itaú Unibanco Holding S.A. recently advised its stockholders of an important move by its Board of Directors. They convened to approve the payment of interest on capital (IOC) that is set to enhance the rewards for stockholders. This decision was communicated following a recent meeting where details were discussed about upcoming distributions.
Key Details of the Interest Payment
The approved payment stands at R$0.3634 per share, which is subject to a 15% income tax withholding, resulting in a net interest amounting to R$0.30889 per share. This is excellent news for stockholders anticipating their financial returns. The calculation reflects the stockholder positions that will be finalized shortly before the payment date.
Distribution Timing and Further Payments
The upcoming payment will take place on a specified date, geared towards rewarding stockholders who are part of the company at the right time. Specifically, the calculation will base on the final stockholding positions as recorded on the date ahead of the payment. Consequently, shares traded will be marked 'ex-rights' from a specified day onward.
Previous Payments and Total Interest
The Board also highlighted that prior interest on capital declared will add to the current payment. This earlier declaration was noted to be a gross amount of R$0.3341, leading to a net amount of R$0.283985 per share based on relevant stockholder records. When summed, the cumulative interest per share amounts to R$0.592875, which will be equally distributed between common (ITUB3) and preferred (ITUB4) shares.
Investor Relations and Further Information
For stockholders seeking additional information regarding this payment and its implications, maintaining communication with the investor relations department is vital. This proactive approach ensures all stakeholders are in the loop about modifications affecting their investments. It is encouraged for stockholders to regularly monitor updates through official corporate communication channels.
In Conclusion
To summarize, Itaú Unibanco's announcement regarding the payment of interest on capital reflects positively on its commitment to rewarding its stockholders. The structure of these payments not only emphasizes transparency but also enhances investor confidence in the company's ability to manage its financial operations effectively.
Frequently Asked Questions
What is the amount for the interest on capital payment?
The approved interest on capital payment is R$0.3634 per share, with a net amount of R$0.30889 after withholding tax.
When will the payment be made?
The payment is set for a specific date, allowing stockholders to receive their dividends timely.
What are the total amounts for stockholders?
Stockholders will receive a total of R$0.592875 per share, factoring both the current and previous interest payments.
How will the payment impact stockholder positions?
The payment structure is designed to reward stockholders actively engaging with the company and adhering to specified timelines for shareholding.
Where can I find more information?
Further details can be obtained by reaching out to the Investor Relations department, which provides ongoing updates to stockholders regarding any changes that might occur.
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