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:https://www.itau.com.br/relacoes-com-investidores/Download.aspx?Arquivo=2hYS+8T7hfaMVTmunmWGyg==
For more information, visit our FAQ: www.itau.com.br/investor-relations >ItaúUnibanco>Contact RI > FAQ >Remuneration to Stockholders
Period
Type of income
Stockholding position
Date of Payment
Amount per share
Nominal
Net
January
Dividends
12/30/2019
02/03/2020
0.015000
0.015000
February
Dividends
01/31/2020
03/02/2020
0.015000
0.015000
Complementary Dividend
Complementary Dividend
02/20/2020
03/06/2020
0.483200
0.483200
IOC
IOC
02/20/2020
03/06/2020
0.523500
0.444975
March
Dividends
02/28/2020
04/01/2020
0.015000
0.015000
April
Dividends
03/31/2020
05/04/2020
0.015000
0.015000
May
Dividends
04/30/2020
06/01/2020
0.015000
0.015000
June
Dividends
05/29/2020
07/01/2020
0.015000
0.015000
July
Dividends
06/30/2020
08/03/2020
0.015000
0.015000
August
Dividends
07/31/2020
09/01/2020
0.015000
0.015000
September
Dividends
08/31/2020
10/01/2020
0.015000
0.015000
October
Dividends
09/30/2020
11/03/2020
0.015000
0.015000
November
Dividends
10/30/2020
12/01/2020
0.015000
0.015000
December
Dividends
11/30/2020
01/04/2021
0.015000
0.015000
Period
Type of income
Stockholding position
Date of Payment
Amount per share
Nominal
Net
January
Dividends
12/28/2018
02/01/2019
0.015000
0.015000
February
Dividends
01/31/2019
13/01/2019
0.015000
0.015000
February
Dividends
01/21/2019
03/07/2019
1.0507
1.0507
February
IOC
01/21/2019
03/07/2019
0.7494
0.63699
March
Dividends
02/28/2019
04/01/2019
0.015000
0.015000
April
Dividends
03/29/2019
05/02/2019
0.015000
0.015000
May
Dividends
04/30/2019
06/03/2019
0.015000
0.015000
June
Dividends
05/31/2019
07/01/2019
0.015000
0.015000
July
Dividends
06/28/2019
08/01/2019
0.015000
0.015000
Complementary Dividend
Complementary Dividend
08/15/2019
08/23/2019
0.78690
0.78690
August
Dividends
07/31/2019
09/02/2019
0.015000
0.015000
September
Dividends
08/30/2019
10/01/2019
0.015000
0.015000
October
Dividends
09/30/2019
11/01/2019
0.015000
0.015000
November
Dividends
10/31/2019
12/02/2019
0.015000
0.015000
December
Dividends
11/29/2019
01/02/2019
0.015000
0.015000
IOC
IOC
12/12/2019
03/06/2020
0.037560
0.031926
Period
Type of income
Stockholding position
Date of Payment
Amount per share
Nominal
Net
IOC
IOC
12/17/2018
Until 03/07/2019
0.010600
0.009010
December
Dividends
11/30/2018
01/02/2019
0.015000
0.015000
November
Dividends
10/31/2018
12/03/2018
0.015000
0.015000
October
Dividends
09/28/2018
11/01/2018
0.015000
0.015000
September
Dividends
08/31/2018
10/01/2018
0.015000
0.015000
August
Dividends
07/31/2018
09/03/2018
0.015000
015000
Additional Dividend
Additional Dividend
08/17/2018
08/30/2018
0.624000
0.624000
IOC
IOC
08/17/2018
08/30/2018
0.125200
0.106420
July
Dividends
06/29/2018
08/01/2018
0.015000
0.015000
June
Dividends
04/20/2018
07/02/2018
0.015000
0.015000
May
Dividends
04/30/2018
06/01/2018
0.015000
0.015000
April
Dividends
03/29/2018
05/02/2018
0.015000
0.015000
March
Dividends
02/28/2018
04/02/2018
0.015000
0.015000
Year
Total Payments (R$ millons)
Dividends + Net Interest on Capital(*) / Consolidated Net Income
Net Asset Value per Share(R$)(*)
Nominal
Net(*)
2019
19,597
18,777
66.2%
R$ 1.92
2018
23,667
22,437
87.2%
R$ 2.61
2017
19,200
17,557
70.6%
R$ 2.71
2016
11,574
10,000
45.0%
R$ 1.58
2015
8,206
7,305
30.6%
R$ 1.24
2014
7,344
6,635
32.2%
R$ 1.22
2013
5,842
5,095
32.2%
R$ 1.03
2012
5,176
4,518
32.2%
R$ 1.00
2011
5,054
4,394
30.0%
R$ 0.97
2010
4,483
3,908
30.0%
R$ 0.86
2009
3,977
3,472
33.1%
R$ 0.79
(*) Withholding income tax.
OBS: Values up to 2007 refer to Banco Itaú Holding Financeira, as of 2008 refer to Itaú Unibanco Holding S.A.
Related Files
History of payments
Reference Form – itens 3.4, 3.5 e 3.6
Stockholder Remuneration Policy