Shares And Dividends & Interest On Capital

History of Dividends and Remuneration of Stockholders

Since July 1980, Itaú Unibanco has been remunerating its stockholders by making monthly and additional payments, the latter have been historically taking place twice a year and distributed equally to common and preferred stockholders. 

Monthly Dividends

The amount of R$ 0.015 per share is paid based on the stockholding position on the last trading session of the month prior to the month of accrual on B3 (former BM&FBovespa), and the payment is made on the first business day of the month subsequent to the month of accrual. The monthly payment is made as an advance of the distribution that is to be made following the determination of the annual Balance Sheet.   

Additional Payments  

Additional payments may be made either as dividends or interest on capital. As a general rule, semiannual payments are made after the determination of the balance sheets as at June 30 and December 31, respectively, by resolution of the Board of Directors. The Board of Directors determines the base date for the stockholding position and payment date.

The procedure for the payment of dividends and interest on capital of ItaúUnibanco provides for the distribution of, at least, 35% of the annual recurring net income, and the total amount to be distributed every year will be determined by the Board of Directors, considering, among other things:  

1. the Company’s capitalization level, according to rules defined by BACEN;

2. the minimum level established by the Board of Directors of 13.5% for tier 1 capital;

3. aprofitability for theyear;

4. the prospects of capital use based on the expected business growth, share buyback programs, mergers and acquisitions, and market and regulatory changes that may change capital requirement; and

5. changes in tax legislation.Therefore, the percentage to be distributed may vary year-on-year based on the Company's profitability and capital requirements, always considering the minimum amount set forth in the Bylaws.For further details, please visit Material Fact – Solvency Ratio and Payment of Dividends

For more information, visit our FAQ: www.itau.com.br/investor-relations>ItaúUnibanco>Contact RI > FAQ >Remuneration to Stockholders

Related Files

History of payments

Reference Form – itens 3.4, 3.5 e 3.6

Stockholder Remuneration Policy