The Sao Paulo-based financial institution, Banco Itau, has witnessed a significant surge in its stock price since the start of the year. As of Wednesday, the firm's stocks have risen by 17.41%. The company's current dividend yield stands at 4.09%, a figure to be compared with the foreign banks industry average of 4.61% and the S&P 500's yield of 1.7%.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banco Itau (ITUB) have what it takes? Let's find out.
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