{"id":14636,"date":"2023-09-20T20:34:55","date_gmt":"2023-09-20T20:34:55","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/stocks\/banco-itaus-stock-sees-17-41-year-to-date-increase-dividend-growth-promising\/"},"modified":"2023-09-20T20:34:56","modified_gmt":"2023-09-20T20:34:56","slug":"banco-itaus-stock-sees-17-41-year-to-date-increase-dividend-growth-promising","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=14636","title":{"rendered":"Banco Itau’s stock sees 17.41% year-to-date increase, dividend growth promising"},"content":{"rendered":"
\n
\n

<\/span>
\n<\/i>\n<\/div>\n

The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday, the firm’s stocks have risen by 17.41%. The company’s current dividend yield stands at 4.09%, a figure to be compared with the foreign banks industry average of 4.61% and the ‘s yield of 1.7%.<\/p>\n

Banco Itau’s dividend growth has been particularly noteworthy. The financial institution’s current annualized dividend is at $0.23 per share, a substantial increase of 48.4% from the previous year. Over the past five years, Banco Itau has thrice raised its dividend on a year-over-year basis, resulting in an average annual increase of 10.24%.<\/p>\n

The payout ratio, which denotes the proportion of a company’s annual earnings per share paid out as dividends, plays a pivotal role in future dividend growth along with earnings growth. For Banco Itau, the current payout ratio is at 37%, indicating that it distributed 37% of its trailing 12-month EPS as dividends.<\/p>\n

Looking ahead to this fiscal year, Banco Itau forecasts robust earnings growth. The consensus estimate for 2023 is $0.73 per share, which would signify a year-over-year earnings growth rate of 19.67%.<\/p>\n

Dividends are often favored by income investors who aim to generate consistent cash flow from their liquid investments. Numerous academic studies suggest that dividends can constitute significant portions of long-term returns, often exceeding one-third of total returns.<\/p>\n

However, it is important to note that not all companies offer a quarterly payout. Dividends can also provide various benefits such as tax advantages, reducing overall portfolio risk, and significantly enhancing stock investing profits.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday, the firm’s stocks have risen by 17.41%. The company’s current dividend yield stands at 4.09%, a figure to be compared with the foreign banks industry average of 4.61% and the […]<\/p>\n","protected":false},"author":1,"featured_media":14637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-14636","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nBanco Itau's stock sees 17.41% year-to-date increase, dividend growth promising | Prosfunds<\/title>\n<meta name=\"description\" content=\"The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=14636\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banco Itau's stock sees 17.41% year-to-date increase, dividend growth promising | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=14636\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-20T20:34:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-20T20:34:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/world_news_2_69x52._800x533_L_1419494365.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=14636#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=14636\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"Banco Itau’s stock sees 17.41% year-to-date increase, dividend growth promising\",\"datePublished\":\"2023-09-20T20:34:55+00:00\",\"dateModified\":\"2023-09-20T20:34:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=14636\"},\"wordCount\":295,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Stocks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=14636#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=14636\",\"url\":\"https:\/\/prosfunds.com\/?p=14636\",\"name\":\"Banco Itau's stock sees 17.41% year-to-date increase, dividend growth promising | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-09-20T20:34:55+00:00\",\"dateModified\":\"2023-09-20T20:34:56+00:00\",\"description\":\"The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday,\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=14636#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=14636\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=14636#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banco Itau’s stock sees 17.41% year-to-date increase, dividend growth promising\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Banco Itau's stock sees 17.41% year-to-date increase, dividend growth promising | Prosfunds","description":"The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=14636","og_locale":"en_US","og_type":"article","og_title":"Banco Itau's stock sees 17.41% year-to-date increase, dividend growth promising | Prosfunds","og_description":"The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday,","og_url":"https:\/\/prosfunds.com\/?p=14636","og_site_name":"Prosfunds","article_published_time":"2023-09-20T20:34:55+00:00","article_modified_time":"2023-09-20T20:34:56+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/world_news_2_69x52._800x533_L_1419494365.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=14636#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=14636"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"Banco Itau’s stock sees 17.41% year-to-date increase, dividend growth promising","datePublished":"2023-09-20T20:34:55+00:00","dateModified":"2023-09-20T20:34:56+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=14636"},"wordCount":295,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Stocks"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=14636#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=14636","url":"https:\/\/prosfunds.com\/?p=14636","name":"Banco Itau's stock sees 17.41% year-to-date increase, dividend growth promising | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-09-20T20:34:55+00:00","dateModified":"2023-09-20T20:34:56+00:00","description":"The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday,","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=14636#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=14636"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=14636#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"Banco Itau’s stock sees 17.41% year-to-date increase, dividend growth promising"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/14636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14636"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/14636\/revisions"}],"predecessor-version":[{"id":14638,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/14636\/revisions\/14638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/14637"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}