Itau Unibanco Holding (MEX:ITUB N) Dividend Payout Ratio: 0.39 (As of Mar. 2026) — Near Median


MEX:ITUB N Itau Unibanco Holding SA MEX:ITUB N
62 GF Score
Price MXN135.00
GF Value MXN102.90
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Itau Unibanco Holding Dividend Payout Ratio?

Itau Unibanco Holding MEX:ITUB N 62 Dividend Payout Ratio is 0.39 as of Mar. 2026, which is 5% above its 10-year median of 0.37. GuruFocus rates MEX:ITUB N with a GF Score™ of 62/100 and a GF Value™ of MXN102.90 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,170 Banks companies, Itau Unibanco Holding ranks worse than 94.36% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Itau Unibanco Holding's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.39.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Itau Unibanco Holding SA is 0.82, which seems too high.

The historical rank and industry rank for Itau Unibanco Holding's Dividend Payout Ratio or its related term are showing as below:

MEX:ITUB N' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.37   Max: 0.83
Current: 0.74

During the past 13 years, the highest Dividend Payout Ratio of Itau Unibanco Holding was 0.83. The lowest was 0.18. And the median was 0.37.

MEX:ITUB N's Dividend Payout Ratio is ranked worse than
94.36% of 1170 companies
in the Banks industry
Industry Median: 0.32 vs MEX:ITUB N: 0.74

As of today (2026-07-02), the Dividend Yield % of Itau Unibanco Holding is 7.54%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Itau Unibanco Holding was 13.92%. The lowest was 0.51%. And the median was 4.04%.

Itau Unibanco Holding's Dividends per Share for the months ended in Mar. 2026 was MXN1.46.

During the past 12 months, Itau Unibanco Holding's average Dividends Per Share Growth Rate was 40.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 45.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 47.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 26.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Itau Unibanco Holding was 118.70% per year. The lowest was -27.50% per year. And the median was 31.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Itau Unibanco Holding (MEX:ITUB N) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Itau Unibanco Holding Dividend Payout Ratio Related Terms

Itau Unibanco Holding Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Itau Unibanco Holding's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Itau Unibanco Holding Dividend Payout Ratio Chart

Itau Unibanco Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.33 0.42 0.78 0.75

Itau Unibanco Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 2.19 0.05 0.38 0.39

Itau Unibanco Holding Dividend Payout Ratio Competitor Comparison

For the Banks - Regional subindustry, Itau Unibanco Holding's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Itau Unibanco Holding Dividend Payout Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Itau Unibanco Holding's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Itau Unibanco Holding's Dividend Payout Ratio falls into.


MEX:ITUB N
62GF Score
Itau Unibanco Holding SA MEX:ITUB N
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Itau Unibanco Holding Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Itau Unibanco Holding's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=10.184/ 13.633
=0.75

Itau Unibanco Holding's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=1.46/ 3.708
=0.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.39 mean?
Itau Unibanco Holding (MEX:ITUB N) has a Dividend Payout Ratio of 0.39 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Itau Unibanco Holding and its competitors. This is near median its historical median of 0.37. Over the past decade, Itau Unibanco Holding's Dividend Payout Ratio has ranged from 0.18 to 0.83. According to the industry distribution chart, Itau Unibanco Holding ranks #1104 out of 1170 companies in the Banks industry, placing it in the top 94.4%.
Is Itau Unibanco Holding's Dividend Payout Ratio too high?
Itau Unibanco Holding's current Dividend Payout Ratio of 0.39 is near median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.83. The Banks industry median Dividend Payout Ratio is 0.32. Itau Unibanco Holding's value of 0.39 is 21.9% above this industry median. Based on the distribution chart, Itau Unibanco Holding ranks #1104 out of 1170 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Itau Unibanco Holding has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itau Unibanco Holding's Dividend Payout Ratio compare to competitors?
According to the Banks industry distribution chart, Itau Unibanco Holding ranks #1104 out of 1170 companies for Dividend Payout Ratio. This places Itau Unibanco Holding in the lower half of its industry. The industry median Dividend Payout Ratio is 0.32. Itau Unibanco Holding's value of 0.39 is 21.9% above this benchmark. Historically, Itau Unibanco Holding's own Dividend Payout Ratio has ranged from 0.18 to 0.83 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.32, Itau Unibanco Holding has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,170 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Itau Unibanco Holding's current Dividend Payout Ratio of 0.39 is 21.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Itau Unibanco Holding and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itau Unibanco Holding's current Dividend Payout Ratio is 0.39, which is near median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itau Unibanco Holding stock overvalued right now?
Based on GuruFocus' analysis, Itau Unibanco Holding (MEX:ITUB N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN102.90, compared to a current price of MXN135.00 — trading 31.2% above its estimated fair value. The current Dividend Payout Ratio is 0.39, which is near median its 10-year median of 0.37 and 21.9% above the Banks industry median of 0.32. Itau Unibanco Holding's overall GF Score™ is 62/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Itau Unibanco Holding (MEX:ITUB N), the current Dividend Payout Ratio is 0.39 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Itau Unibanco Holding (MEX:ITUB N) Overvalued in 2026?

Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued. The current stock price of MXN135.00 is trading 31.2% above its estimated GF Value™ of MXN102.90. GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.

Key valuation signals for MEX:ITUB N:

  • Dividend Payout Ratio: 0.39 (near median its 10-year median of 0.37)
  • GF Value™: MXN102.90 vs. price of MXN135.00 (31.2% above fair value)
  • GF Score™: 62/100 with 9 warning signs
  • Industry Position: 21.9% above the Banks median (#1104 of 1170)

No single metric tells the full story. See the MEX:ITUB N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Itau Unibanco Holding Business Description

Address Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio as of the end of 2025. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
62GF Score

Get the complete analysis for MEX:ITUB N

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN135.00
Price
MXN102.90
GF Value