ITAÚ UNIBANCO HOLDING S.A.: Material Fact: Payment of Complementary Dividends

Rhea-AI Summary

ITAÚ UNIBANCO HOLDING S.A. announced the payment of interest on capital to its shareholders, approved by the Board of Directors on January 14, 2021. Shareholders will receive R$ 0.050160 per share, with a withholding tax of 15%, resulting in a net amount of R$ 0.042636 per share. This payment is applicable to both common (ITUB3) and preferred (ITUB4) shares, based on the stockholding position recorded on January 22, 2021. The payment is set to be made by April 30, 2021.

Positive

• Payment of R$ 0.050160 per share reflects strong financial performance.
• Net interest of R$ 0.042636 per share supports shareholder income.
• Confidence in continued dividend payments may attract investors.

Negative

• 15% withholding tax reduces net income for shareholders.
• -

SÃO PAULO, Jan. 14, 2021 /PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors approved as of today, January 14, 2021, the payment up to April 30, 2021 of the following earnings to stockholders, based on the final stockholding position recorded on January 22, 2021:

interest on capital, in the amount of R$ 0.050160 per share, with a 15% withholding income tax, resulting in net interest of R$ 0,042636 per share, with the exception of any corporate stockholders able to prove they are either immune or exempt from such withholding.

If you have any question, please click on www.itau.com.br/investor-relations, as follows: Contact IR > Service.

São Paulo (SP), January 14, 2021.

RENATO LULIA JACOB
Group Head of Investor Relations and Market Intelligence

Note: Dividends and interest on capital are equally paid for common (ITUB3) and preferred (ITUB4) shares.

Contact:
Itaú Unibanco – Comunicação Corporativa
(11) 5019-8880 / 8881 – imprensa@itau-unibanco.com.br

View original content:http://www.prnewswire.com/news-releases/itau-unibanco-holding-sa-material-fact-payment-of-complementary-dividends-301208955.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the dividend amount for ITU stockholders?

The dividend amount is R$ 0.050160 per share.

When will the dividends be paid to ITU shareholders?

Dividends will be paid by April 30, 2021.

What is the net dividend amount after tax for ITUB shareholders?

The net dividend amount after a 15% withholding tax is R$ 0.042636 per share.

What are the stock symbols for Itaú Unibanco?

The stock symbols are ITUB3 for common shares and ITUB4 for preferred shares.