Itaúsa (ITSA4), the controlling holding of Itaú Unibanco (ITUB4), made headlines with its announcement on March 10, 2025, about significant shareholder returns and capital increase plans, reinforcing its commitment to delivering value to investors.
This bold move includes the distribution of R$ 8.11 billion through dividends and interest on equity, commonly referred to as JCP (Juros sobre Capital Próprio). The payments are structured to occur on three dates: R$ 6.6 billion will be disbursed on March 7, followed by R$ 510 million on April 1, and concluding with R$ 1 billion on April 22. This generous outlay is part of Itaúsa's strategy to share profits with its shareholders, who have played a pivotal role in the company’s growth.
Specifically, the March 7 payment will include R$ 1.1 billion as JCP, translating to approximately R$ 0.1011 per share (net R$ 0.085935 after tax deductions), alongside R$ 4.4 billion tagged as dividends, or R$ 0.40815 per share. Notably, these payments are predicated on the shareholder record date of February 17, 2025, which means only those holding shares as of this date will benefit from the distribution.
On the following date, April 1, Itaúsa will issue R$ 510 million intended for JCP, divided evenly between its 2024 and 2025 quarterly results. This portion acknowledges the cumulative performance of the company and intends to establish reliable, consistent dividends going forward.
By April 22, shareholders can expect R$ 1 billion more to be disbursed as dividends, based again on the shareholders’ positions from February 17. With this comprehensive distribution plan, Itaúsa aims to provide its investors with clear pathways to benefit financially from their shares.
Accompanying this announcement, Itaúsa's board of directors also ratified a significant capital increase of R$ 1 billion. This is projected to raise the company's capital from R$ 80.19 billion to R$ 81.19 billion through the issuance of approximately 149 million new shares. The price for these shares is set at R$ 6.70 each—a substantial discount of about 30% on the weighted average price of shares over the last 120 days.
This maneuver is primarily aimed at bolstering the company's liquidity and reinforcing its balance sheet, allowing for more flexibility to navigate future market uncertainties and operational expenditures.
Shareholders will have the right to subscribe to these new shares between March 10 and April 11, 2025, with the right to purchase shares proportional to their existing holdings as of February 17. This strategic approach not only protects existing shareholders from dilution but also encourages continued investment and confidence in the company's future prospects.
The new shares will be categorized as 51.3 million ordinary and 97.9 million preferred shares. Investing now could secure substantial benefits later for those who choose to participate.
With these bold financial moves, Itaúsa continues to assert its strategy of maintaining strong shareholder relations and ensuring stable financial health. The outlined dividends and capital adjustments are poised to reinforce investor trust, marking yet another successful chapter for the holding entity seen as pivotal within the Brazilian financial sector.
Analysts predict these proactive fiscal measures will not only satisfy current expectations but may also solidify Itaúsa’s reputation as one of the leading companies committed to shareholder welfare. The outlook remains promising, as these dividends and capital strategies reflect both stability and potential growth prospects within the company's diverse portfolio.
Itaúsa’s announcements resonate with its long-standing philosophy of rewarding shareholders and ensuring sustainable business operations, setting the stage for confident escalations within its investment strategies. With shareholders poised to benefit substantially from the upcoming distributions, the financial futures seem favorable for those invested.