Itaú Unibanco Holding S.A. Material Fact - Payment of Dividends or Interest on Capital

Rhea-AI Summary

ITAÚ UNIBANCO HOLDING S.A. announced a payout of R$ 0.1394 per share, totaling R$ 1.361 billion for its shareholders, as approved on February 1, 2021. The payment will occur on March 12, 2021, with the final shareholding position determined on February 25, 2021. This sum, in addition to previously declared payments, brings the total payout for 2020 to R$ 0.4614 per share, amounting to R$ 4.5 billion, representing 25% of the net income for the year.

Positive

• Approved payout of R$ 0.1394 per share, totaling R$ 1.361 billion for shareholders.
• Total dividend and interest payments for 2020 amount to R$ 0.4614 per share, reaching R$ 4.5 billion.
• Payout reflects 25% of net income, indicating confidence in financial performance.

Negative

• Tier 1 capital below the minimum required 13.5%, potentially affecting financial stability.

SÃO PAULO, Feb. 1, 2021 /PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors, after examining and approving the financial statements for the year ended December 31, 2020, has decided as of today, February 1, 2021, to distribute to its stockholders as payout the net amount of R$ 0.1394 for each share held, thus totaling R$ 1,361million, net of taxes, if applicable.

The Board of Directors will declare how such payout will be carried out (either as dividends or interest on capital) at an upcoming meeting, and stockholders will be paid on March 12, 2021, with such amount to be calculated based on the final stockholding position recorded on February 25, 2021.

The Board of Directors has also approved the payment on March 12, 2021 of the interest on capital already declared on November 26, 2020, in the net amount of R$ 0.054366 per share, and that declared on January 14, 2021, in the net amount of R$ 0.042636 per share.

Taking into account the dividends and interest on capital previously paid and those payable on March 12, 2021, for the year ended December 31, 2020, this amounts to R$ 0.4614 per share (net of income tax), totaling R$ 4.5 billion. The amount paid out is equivalent to 25% of Itaú Unibanco Holding's net income for the year ended December 31, 2020, after recognition of the Legal Reserve. This percentage has been set by the Board of Directors as it noted that tier 1 capital set in 2017 is below the minimum 13.5% required by the Board of Directors itself.

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

São Paulo (SP), February 1, 2021.

RENATO LULIA JACOB
Group Head of Investor Relations and Market Intelligence

Contact:
Itaú Unibanco – Corporate Communication
(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-dividends-or-interest-on-capital-301219528.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the dividend payout amount for ITU and ITUB shares in 2021?

The dividend payout for ITU and ITUB shares is R$ 0.1394 per share, amounting to a total of R$ 1.361 billion.

When will Itaú Unibanco pay dividends in 2021?

Itaú Unibanco will pay dividends on March 12, 2021.

What percentage of net income does the dividend payout represent for Itaú Unibanco?

The total dividend payout represents 25% of Itaú Unibanco's net income for the year ended December 31, 2020.

What was the total dividend and interest payout per share for Itaú Unibanco in 2021?

The total payout per share for 2020 amounts to R$ 0.4614.

What is the importance of the tier 1 capital requirement for Itaú Unibanco?

The tier 1 capital requirement is crucial for maintaining financial stability; currently, it is below the minimum 13.5%.