SÃO PAULO, Feb. 5, 2018
/PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. ("Company")
informs its stockholders that the Board of Directors, which met on
February 5, 2018, approved the
payment, on March 7, 2018, of the
following earnings to stockholders based on the final stockholding
position recorded on February 15,
2018:
a) dividends in the amount of
R$ 0.1304 per share as mandatory
dividend for 2017 and additional dividends in the amount of
R$ 0.9638 per share; and
b) additional interest on capital
for 2017 in the amount of R$ 1.1488
per share, with the retention of 15% related to withholding income
tax, resulting in a net interest of R$
0.9765 per share, except for the corporate stockholders that
are able to prove that they are immune or exempt.
It also approved the payment of the interest on capital declared
by the Board of Directors on November 30,
2017, in the gross amount of R$
0.1445 per share (net amount of R$
0.122825 per share) on March 7,
2018 to stockholders based on the final stockholding
position recorded on December 14,
2017.
In accordance with the announcement made by means of the
Material Fact of September 26, 2017,
the Company maintained the minimum payment of dividends and
interest on capital of 35% of consolidated recurring net income and
removed the maximum limit of 45% (*). Therefore, for the base year
of 2017 (accrual), the Company's stockholders will receive
R$ 2.7127 per share, which totals
R$ 17.6 billion in dividends and
interest on capital (net of income tax), which is equivalent to
70.6% of the consolidated recurring net income for 2017,
representing an increase of 75.6% from 2016.
Additionally, taking into considerations the repurchase of its
own shares in 2017, the payout reaches 83.0% of consolidated
recurring net income for 2017.
São Paulo (SP), February
5, 2018.
ALEXSANDRO BROEDEL
LOPES
Group Executive Finance Director and Investor Relations Officer
(*) As previously informed by the Company, the total amount to
be distributed every year will be established by the Board of
Directors, taking into consideration, among other factors: (1) the
level of the Company's capitalization in accordance with the rules
determined by the Central Bank of Brazil; (2) the minimum level established by
the Board of Directors (CET1 = 13.5%); (3) profitability for the
year; (4) the expectations of capital usage due to the growth
expected from business, stock buyback programs, mergers and
acquisitions and regulatory changes that may change capital
requirements; and (5) tax changes. Therefore, the percentage
to be distributed may vary year on year in accordance with the
Company's profitability and capital demands, always taking into
consideration the minimum percentage provided for in its
Bylaws.
View original
content:http://www.prnewswire.com/news-releases/itau-unibanco-holding-sa---material-fact-payment-of-dividends-and-complementary-interest-on-own-capital-300593792.html
SOURCE Itau Unibanco Holding S.A.