Itau Corpbanca Dividend yield




   CLP/share 
 Price  2.39
 Dividend  0.07
 Earnings  0.39
 Cash-flow  1.14
 Book value  5.98
 Equity  6.50

Itau Corpbanca is part of Banks business, which is part of Financials industry. Itau Corpbanca is a company from Chile, and his stocks are publicly traded.

Itau Corpbanca paid a total dividend of 35,868 million CLP last year, for a market value of 1,224,653 millions (Market Cap 407,744 millions). Dividend per share of Itau Corpbanca is 0.07 CLP, and his stock market price 2.39 CLP.

According to the chart below, where dividend yield is displayed, Itau Corpbanca has a dividend yield of 3.11%, which is similar to the amount offered by both the market average and companies from Chile. However, it is lower than the average of Financials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Itau Corpbanca dividend yield with other Banks companies or firms from Chile.

Dividend yield of Itau Corpbanca

Itau Corpbanca Dividend Payout

About the ability of Itau Corpbanca to maintain his current dividend of CLP 0.07 per share, an amount that accounts for 3.11%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Itau Corpbanca payout on ernings is currently 17.95%, which is lower than the market average and companies of Financials industry, which are 38.57% and 41.00% respectively. Both figures lead us to believe that there is confidence that Itau Corpbancacan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Itau Corpbanca is CLP 1.14 per share, which is higher than the dividend per share paid by the company of CLP 0.07, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Itau Corpbanca, compared againt world market average, Chile companies, Financials industry and Banks sector companies.

Itau Corpbanca payout

Itau Corpbanca Dividend History

Year Yield  CLP  Paypout  Shares* 
Present3.11%0.0717.95%512,407
20192.29%0.1021.74%512,407
20180.69%0.0417.39%512,407
20170.02%0.000.00%512,407
20165.56%0.3168.89%512,407
20155.52%0.3342.86%340,358

*In millions

Itau Corpbanca Stock performance

Finally, last moth Itau Corpbanca showed a return of 8.10% compared to a worldwide 3.99% average, and a 3.02% of Financials firms. Over the last year, the company obtained a -45.20% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for Chile and Banks firms.

Itau Corpbanca stock and market return