Tag: breazil

Banks distribute $12 billion in dividends to shareholders in 2019

The volume of dividends that large banks in Brazil paid out to their shareholders in 2019, with the exception of Itaú Unibanco, was R $ 52 billion ($ 12 billion), almost 26% more than in 2018. Itaú Unibanco distributed 66.2 % of recurring net revenues for 2019, compared to 89.2% the previous year. The decrease in the proportion of dividends was reflected directly in the pocket of the shareholders of Itaúsa, the holding company that controls the bank.