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Itaúsa (ITSA4) announces the payment of interest on capital in the amount of R$ 723 million in total.

Itaúsa (ITSA4) announces the payment of interest on capital in the amount of R$ 723 million in total.

Posted at 6:24 p.m

Updated at 7:39pm with 4Q23 results

The Board of Directors of Itaúsa (ITSA4), which met on Monday the 18th, decided to declare interest on equity in a total amount of R$ 723 million, equivalent to a total value of R$ 0.07 per share, which will be paid by August 30, 2024.

With income tax of 15% deducted at source, this results in a net benefit of R$0.0595 per share.

This interest will be calculated based on the final shareholding position on March 21, 2024 and will be attributed to the value of the 2024 dividend.

Profit in the fourth quarter 23

In the fourth quarter of 2023, Itausa achieved net recurring revenue of $3.460 billion, an increase of 3% year over year.

Recurring return on equity was 17% in Q4 2023, down 1.7 basis points on a year-over-year basis.

See more details in the table below:

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