Payment of Dividends and Interest on Capital and Cancellation of Shares

Rhea-AI Summary

Itaú Unibanco (NYSE:ITUB) announced Board approval of shareholder distributions and a share cancellation on November 27, 2025.

Dividends: BRL1.868223 per share, payable on December 19, 2025. Interest on capital (IoC): BRL0.369750 per share gross; income tax 15% withheld, net BRL0.3142875 per share, to be paid until April 30, 2026. Total cash payments amount to BRL 23.4 billion. Record date for entitlement: December 9, 2025; shares trade ex-rights from December 10, 2025.

Share cancellation: 78,850,638 preferred shares cancelled (treasury shares) representing R$3 billion; post-cancellation share capital is BRL124,063,060,190 with 10,705,698,245 shares (5,454,119,395 common; 5,251,578,850 preferred).

Positive

• Total distributions of BRL 23.4 billion to shareholders
• Dividends and IoC paid equally to ITUB3 and ITUB4
• Cancellation of 78,850,638 preferred treasury shares (R$3 billion)

Negative

• IoC withholding tax 15% reduces net IoC by BRL 0.0554625 per share
• IoC payment window extends until April 30, 2026, delaying part of cash receipt

News Market Reaction – ITUB

+1.83%

+1.83% Session close to close

In the Nov 28 session, ITUB gained 1.83%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a sizeable shareholder return, with dividends of BRL1.868223 per share and...

Analysis

This announcement details a sizeable shareholder return, with dividends of BRL1.868223 per share and net interest on capital of BRL0.3142875 per share, totaling BRL23.4 billion. It also cancels 78,850,638 preferred shares acquired via the buyback program, leaving 10,705,698,245 shares outstanding. Investors may track upcoming payment dates, the impact of share cancellation on per-share metrics, and how future results support ongoing distributions.

Key Figures

Dividend per share: BRL1.868223 per share IoC per share (gross): BRL0.369750 per share IoC per share (net): BRL0.3142875 per share +5 more

8 metrics

Dividend per share BRL1.868223 per share Board-approved dividend payable on December 19, 2025

IoC per share (gross) BRL0.369750 per share Interest on capital before 15% tax; payable until April 30, 2026

IoC per share (net) BRL0.3142875 per share Net of 15% income tax withholding for eligible stockholders

Total cash distribution BRL23.4 billion Combined dividends and interest on capital for stockholders

Shares cancelled 78,850,638 preferred shares Treasury shares cancelled under current Buyback Program

Value of cancelled shares BRL3 billion Amount attributed to cancelled preferred shares

Post-cancellation capital BRL124,063,060,190.00 Total share capital after preferred share cancellation

Total shares outstanding 10,705,698,245 shares 5,454,119,395 common and 5,251,578,850 preferred shares

Historical Context

5 past events · Latest: Nov 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Nov 27	Dividends and cancellation	Positive	+1.8%	Board approved large dividends, IoC payments and preferred share cancellation.
Nov 04	Results materials	Neutral	+1.4%	3Q25 condensed financials and MD&A made available with upcoming discussion.
Nov 04	Guidance update	Positive	+1.4%	2025 projections reiterated with upward revision to financial margin with market.
Nov 03	Results meeting	Neutral	+1.5%	Announcement of interactive meeting to discuss 3Q25 results with management.
Oct 27	Results meeting	Neutral	+1.0%	Scheduling of 3Q25 interactive results presentation with Q&A for investors.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news events, including prior dividend and guidance communications, have all been followed by positive next-day price reactions, indicating a pattern of constructive responses to disclosures.

Recent Company History

Over the last few months, Itaú Unibanco has delivered a series of investor-focused updates. On Oct 27 and Nov 3–5, 2025, it highlighted its 3Q25 results via interactive meetings and materials, each followed by gains of 0.99–1.49%. On Nov 4, 2025, it raised its financial margin with the market projection, with shares up 1.36%. The current Nov 27, 2025 announcement combines large cash distributions and share cancellation, continuing this shareholder-focused trajectory.

Key Terms

interest on capital, income tax, ex-rights, treasury shares, +2 more

6 terms

interest on capital financial

"Interest on capital (IoC), in the amount of BRL0.369750 per share..."

Interest on capital is the cost a business pays for using money — either money it borrowed or funds provided by owners — and functions like rent paid for that capital. It matters to investors because higher interest payments reduce profits and cash available for dividends or growth, while lower interest costs leave more profit and improve company value; think of it as the price of fueling a company’s operations.

income tax financial

"with income tax withheld at a rate of 15%..."

A government charge on money earned by individuals and businesses, taken as a percentage of income or profit. For investors, income tax affects the amount of money companies and shareholders actually keep — like a slice taken from a pie before you eat — and can change after-tax profits, dividend payments and the appeal of different investments. Changes in tax rules or rates can therefore alter company valuations and investor returns.

ex-rights financial

"The shares will be traded "ex-rights" as of December 10, 2025."

A stock trading "ex-rights" means new buyers of the share no longer receive the extra subscription rights that let holders buy newly issued shares at a special price; only holders on the record before that ex-rights date keep those rights. This matters to investors because the share price typically adjusts to reflect the loss of that entitlement, so knowing whether a trade is ex-rights determines who gets the opportunity to buy new shares and how the purchase compares in value.

treasury shares financial

"were acquired by the Company through the current Buyback Program and were being held in treasury."

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

buyback program financial

"These shares were acquired by the Company through the current Buyback Program..."

A buyback program is when a company uses cash to repurchase its own shares from the market or shareholders, which reduces the total number of shares available. For investors this can increase the value of each remaining share, signal that management thinks the stock is undervalued, and change ownership percentages — like a homeowner buying back units in a building so each remaining owner holds a larger slice of the same pie.

book-entry shares financial

"now comprises 10,705,698,245 book-entry shares with no par value..."

Shares recorded electronically on a central register or in brokerage accounts instead of being issued as paper certificates; ownership is shown as entries in a ledger much like a bank account record. This matters to investors because it makes buying, selling, dividend payments and voting simpler and faster, reduces the risk of lost certificates, and determines how ownership is tracked for corporate actions and legal rights.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Itaú Unibanco Holding S.A. (the "Company") informs its stockholders, that the Board of Directors has approved, as of this date, the payment[1] of:

(i)  Dividends, in the amount of BRL1.868223 per share, that will be paid on December 19,2025; and
(ii)  Interest on capital (IoC), in the amount of BRL0.369750 per share, with income tax withheld at a rate of 15%[2], resulting in net interest of BRL0.3142875 per share, that will be paid until April 30,2026.

SÃO PAULO, Nov. 27, 2025 /PRNewswire/ -- These payments will total BRL 23.4 billion, and it will consider the final stockholding position recorded on December 9, 2025 for the calculation. The shares will be traded "ex-rights" as of December 10, 2025.

Dividends and interest on capital amounts will be paid equally for common (ITUB3) and preferred (ITUB4) shares.

The Company also informs, in addition to the Material Fact published on February 5, 2025, that the Board of Directors has approved, as of this date, the cancellation of 78,850,638 preferred shares, in the amount of R$ 3 billion, without reduction of the subscribed and paid-in share capital. These shares were acquired by the Company through the current Buyback Program and were being held in treasury.

As a result of this cancellation, the share capital amounting to BRL 124,063,060,190.00 now comprises 10,705,698,245 book-entry shares with no par value, 5,454,119,395 of which are common shares and 5,251,578,850 are preferred shares, and the resulting changes in the Bylaws will be resolved upon in the next General Shareholders' Meeting.

The Company reinforces its commitment to generating value for shareholders and to transparency in the disclosure of information to the market.

If you have any question, please access www.itau.com.br/investor-relations and follow the route: Menu > Investor services > Contact IR.

São Paulo (SP), November 27, 2025.

Gustavo Lopes Rodrigues

Investor Relations Officer

 

---

[1] In addition to the amounts previously declared for fiscal year 2025.

[2] Except for the corporate stockholders able to prove that they are immune or exempt from such withholding.

View original content to download multimedia:https://www.prnewswire.com/news-releases/payment-of-dividends-and-interest-on-capital-and-cancellation-of-shares-302627821.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What dividend did Itaú Unibanco (ITUB) declare for December 19, 2025?

Itaú declared a dividend of BRL 1.868223 per share, payable on December 19, 2025.

How much is the interest on capital (IoC) per share for ITUB and when is it paid?

IoC is BRL 0.369750 per share gross; net after 15% withholding is BRL 0.3142875, payable until April 30, 2026.

What is the record date and ex-rights date for ITUB dividend eligibility in December 2025?

Record date is December 9, 2025; shares trade ex-rights from December 10, 2025.

How much in total will Itaú Unibanco distribute to shareholders in this action?

The company will distribute a total of BRL 23.4 billion combining dividends and IoC.

How many preferred shares did ITUB cancel and what is the value?

The Board approved cancellation of 78,850,638 preferred shares, amounting to R$ 3 billion.

How did the share capital and share count change after the cancellation for ITUB?

Post-cancellation share capital is BRL 124,063,060,190 with 10,705,698,245 shares: 5,454,119,395 common and 5,251,578,850 preferred.