5 Cheap Monthly Dividend Stocks to Buy Now

4. Itaú Unibanco Holding S.A. (NYSE: ITUB)

Number of Hedge Fund Holders: 12
Dividend Yield: 1.5%

Itaú Unibanco Holding S.A. (NYSE: ITUB) is a Brazilian company providing financial services and products in Brazil and internationally through its Retail Banking, Wholesale Banking, and Activities with the Market + Corporation segments. It ranks 4th on our list of cheap monthly dividend stocks to buy now.

This July, Itaú Unibanco Holding S.A. (NYSE: ITUB), along with three other partners, set up Project Carbon in an international effort, which strives to achieve a net-zero carbon offsets goal. In February, Itaú Unibanco Holding S.A. (NYSE: ITUB) also announced that it expects the growth of its total consolidated credit portfolio to be about 5.5-9.5% in 2021.

In the first quarter of 2021, Itaú Unibanco Holding S.A. (NYSE: ITUB) had an EPS of $0.12, beating estimates by $0.01. The company’s revenue was $5.22 billion, also beating estimates by $114.21 million. Itaú Unibanco Holding S.A. (NYSE: ITUB) has gained about 10.81% in the past year as well.

By the end of the first quarter of 2021, 13 hedge funds out of the 866 tracked by Insider Monkey held stakes in Itaú Unibanco Holding S.A. (NYSE: ITUB) worth roughly $180 million. This is compared to 19 hedge funds in the previous quarter with a total stake value of about $451 million.