Payment of Dividends and Interest on Capital
Itaú Unibanco Holding S.A. has recently informed its shareholders about the imminent payment of dividends and interest on capital. This announcement marks an important event for stockholders, as detailed insights into the payout plan are provided below.
Details of the Dividend Payment
The Board of Directors made a resolution regarding the payment of dividends, which is set to be distributed on a specific date. Stockholders will receive dividends amounting to R$1.25093 per share. This is a notable return to investors, reflecting the bank's solid financial standing and commitment to rewarding its shareholders.
Interest on Capital
Alongside dividends, there is a considerable interest on capital payment, amounting to R$0.33344 per share. It is important to note that this amount will have a 15% income tax withheld, leading to a net interest of R$0.283424 per share for the stockholders. These calculations are designed to optimize shareholders' returns while complying with fiscal regulations.
Total Payments and Calculation Basis
The total amount allocated for these payments is expected to reach R$15 billion. This calculation is based on the final stockholding position recorded, ensuring that all eligible shareholders are accounted for. The shares will trade “ex-rights,” meaning that only those who hold shares prior to a specified date will be eligible for these payouts.
Historical Context of Interest Payments
Previous dividends and interests announced give context to the current distributions. Payments of interest on capital have also been approved, with amounts previously declared significantly benefitting shareholders. For example, the gross amount announced for a prior distribution stood at R$0.27298 per share, resulting in a net amount of R$0.232033 for the eligible shareholders.
Impact on Stockholders
Shareholders that held shares on the relevant stockholding positions will be able to receive a consolidated amount of R$2.030363 per share on the announced payment date. Both common (ITUB3) and preferred (ITUB4) shares will be treated equally concerning the distributions. This inclusive approach ensures equitable treatment of all investors within Itaú Unibanco's shareholder base.
Investor Relations and Support
If shareholders have any questions regarding their entitlements or the distribution process, they are encouraged to visit the investor relations page of Itaú Unibanco. This resource provides essential support and clarification on navigating dividend payments, ensuring that every investor remains informed and engaged.
Company Contact Information
Inquiries can be directed to Gustavo Lopes Rodrigues, Investor Relations Officer. The Corporate Communication team is also available to assist stakeholders with any concerns or additional information they may need regarding their investments or the payment processes in place.
Frequently Asked Questions
When will dividends be paid out to shareholders?
Dividends will be paid out on the specified date, which is March 7, 2025.
What is the amount of dividends announced per share?
Shareholders will receive R$1.25093 per share as declared in the recent announcement.
How much interest on capital will be paid?
The interest on capital is set at R$0.33344 per share, netting R$0.283424 after tax.
What do 'ex-rights' mean for investors?
'Ex-rights' indicates the date when shares start trading without the right to receive the upcoming dividend.
Who should I contact for further inquiries?
Shareholders can reach out to the investor relations team of Itaú Unibanco for any additional questions or clarifications needed.
