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Financial and Market Information

Shareholders’ Remuneration

Itaúsa has traded shares on the São Paulo Stock Exchange (B3) since 1966, and has paid out dividends to its shareholders since April 1978.

Itaúsa’s Shareholders’ Remuneration Policy establishes quarterly and additional payments of Dividends and Interest on Capital, and provides for the same rights to dividends for all shareholders, whether holders of preferred shares (ITSA4) or holders of common shares (ITSA3).

Itaúsa also aims to create value for its shareholders by issuing new shares, granted free of charge as Bonus Shares or by means of Subscription at a cost per share at a discount in relation to its market value.

Combined with the high liquidity of its preferred shares traded on B3, these attributes have enabled the Company to consistently create value for its shareholders.

Shareholders’ Remuneration Policy Dividends Reinvestment Program (DRP)

General Characteristics of Earnings provided for in policy

  • Minimum Dividend

    Minimum statutory dividend of 25% of adjusted net income.

  • Quarterly Earnings

    R$0.02 net per share, paid quarterly for holders of common and preferred shares.

  • Additional Payout

    Declared whenever Management evaluates their financial feasibility and in the shareholders’ best interest.

Characteristics of Our Shares

  • ITSA3 (Common Share)

    Right to vote

    Priority dividends

    Complementary payout

    Tag Along 80%

  • ITSA4 (Preferred Share)

    Right to vote

    Priority dividends

    Complementary payout

    Tag Along 80%

Earnings Payout Schedule

Apr / 2025
Dividends
Material Fact

Shareholding position 02/17/2025

Payment date 04/22/2025

R$ per share
(net) 0.0922400

Jul / 2025
Interest on equity
Material Fact

Shareholding position 05/30/2025

Payment date 07/01/2025

R$ per share
(net) 0.02

Oct / 2025
Interest on equity
Material Fact

Shareholding position 08/29/2025

Payment date 01/10/2025

R$ per share
(net) 0.02

Jan / 2026
Interest on equity
Material Fact

Shareholding position 11/28/2025

Payment date 01/02/2026

R$ per share
(net) 0.02

Track record of dividends and interest on capital declared (base period)
Dividend yield
Base Year 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Dividend Yield 7.4% 7.0% 4.4% 7.4% 8.5% 5.5% 4.2% 6.8% 5.4% 7.2%

Dividend Yield includes dividends and interest on capital, gross, declared in the last 12 months, divided by the closing price of the preferred share (ITSA4) in the last day of each year. Source: Economatica.

  • Dividends and IOC
  • Bonus Shares
  • Subscription of Shares (capital increase)

Dividends and interest on capital (per fiscal year)

Full History
TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
IOC – 4th quarter 02/10/2025 11/28/2025 01/02/2026 0.0235295 0.02
IOC – 3rd quarter 02/10/2025 08/29/2025 10/01/2025 0.0235295 0.02
IOC – 2nd quarter 02/10/2025 05/30/2025 07/01/2025 0.0235295 0.02
IOC – 1st quarter 02/10/2025 02/28/2025 04/01/2025 0.0235295 0.02

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
Dividends 02/10/2025 02/17/2025 04/22/2025 0.09224 0.09224
Dividends 02/10/2025 02/17/2025 03/07/2025 0.40815 0.40815
IOC 02/10/2025 02/17/2025 03/07/2025 0.1011 0.085935
IOC 12/06/2024 12/11/2024 03/07/2025 (2) 0.0581 0.049385
IOC 09/16/2024 09/19/2024 03/07/2025 (2) 0.0484 0.04114
IOC 06/17/2024 06/20/2024 08/30/2024 0.0946 0.08041
IOC 03/18/2024 03/21/2024 08/30/2024 0.07 0.0595
IOC – 4th quarter 02/19/2024 02/28/2025 04/01/2025 0.0235295 0.02
IOC – 3rd quarter 02/19/2024 11/29/2024 01/02/2025 0.0235295 0.02
IOC – 2nd quarter 02/19/2024 08/30/2024 10/01/2024 0.0235295 0.02
IOC – 1st quarter 02/19/2024 05/31/2024 07/01/2024 0.0235295 0.02

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).
(2) Deliberated by the Board of Directors Meeting on 02/10/2025.

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
Additional Dividends 02/19/2024 02/22/2024 03/08/2024 0.3005 0.3005
IOC 12/13/2023 12/18/2023 08/03/2024 (3) 0.0794 0.06749
IOC 10/16/2023 10/19/2023 03/08/2024 (3) 0.0515 0.043775
IOC 09/18/2023 09/21/2023 03/08/2024 (3) 0.1165 0.099025
IOC 07/20/2023 07/25/2023 03/08/2024 (3) 0.0515 0.043775
IOC 06/19/2023 06/22/2023 08/25/2023 0.1144 0.09724
IOC 03/20/2023 03/23/2023 08/25/2023 (2) 0.0773 0.065705
IOC – 4th quarter 02/19/2024 02/29/2024 04/01/2024 0.0235295 0.02
IOC – 3rd quarter 11/13/2023 11/30/2023 01/02/2024 0.0235295 0.02
IOC – 2nd quarter 08/14/2023 08/17/2023 10/02/2023 0.0235295 0.02
IOC – 1st quarter 05/15/2023 05/31/2023 07/03/2023 0.0235295 0.02

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).
(2) Deliberated by the Board of Directors Meeting on 06/19/2023.
(3) Deliberated by the Board of Directors Meeting on 02/19/2024.

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
IOC 12/01/2022 12/08/2022 10/02/2023 (3) 0.0445 0.037825
IOC 12/01/2022 12/08/2022 03/10/2023 0.141 0.11985
IOC 11/10/2022 11/18/2022 10/02/2023 (3) 0.05154 0.043809
IOC 08/15/2022 08/18/2022 10/02/2023 (3) 0.0494 0.04199
IOC 08/15/2022 08/18/2022 08/30/2022 0.0103 0.008755
IOC 03/21/2022 03/24/2022 08/30/2022 (2) 0.11337 0.0963645
IOC – 4th quarter 05/09/2022 02/28/2023 04/03/2023 0.0235295 0.02
IOC – 3rd quarter 05/09/2022 11/30/2022 01/02/2023 0.0235295 0.02
IOC – 2nd quarter 05/09/2022 08/31/2022 10/03/2022 0.0235295 0.02
IOC – 1st quarter 05/09/2022 05/31/2022 07/01/2022 0.0235295 0.02

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).
(2) Deliberated by the Board of Directors Meeting on 08/15/2022.
(3) Deliberated by the Board of Directors Meeting on 08/14/2023.

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
IOC 12/13/2021 01/14/2022 03/11/2022 (3) 0.13334 0.113339
IOC 11/08/2021 11/23/2021 03/11/2022 (3) 0.15472 0.131512
IOC 08/09/2021 08/13/2021 08/26/2021 0.03734 0.03173
IOC 05/14/2021 05/24/2021 08/26/2021 0.0184 0.01564
IOC 04/19/2021 04/27/2021 08/26/2021 0.02131 0.0181135
IOC 03/18/2021 03/25/2021 08/26/2021 0.01908 0.016218
IOC 03/04/2021 03/09/2021 04/01/2022 0.01546 0.0131376
IOC – 4th quarter(2) 11/08/2021 12/13/2021 04/01/2022 0.0235295 0.02
IOC – 3rd quarter(2) 11/08/2021 11/30/2021 01/03/2022 0.0235295 0.02
Dividends – 2nd quarter 11/10/2008 08/31/2021 10/01/2021 0.02 0.02
Dividends – 1st quarter 11/10/2008 05/31/2021 07/01/2021 0.02 0.02

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).
(2) Declared in replacement of the quarterly dividends of the 3rd and 4th quarters of 2021, as per the Material Fact published on 11/08/2021.
(3) Deliberated by the Board of Directors Meeting on 02/14/2022.

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
Additional IOC 01/18/2021 01/22/2021 03/12/2021 0.0208 0.01768
IOC 12/07/2020 12/10/2020 03/12/2021 0.10165 0.0864025
Additional Dividends 08/10/2020 08/17/2020 08/26/2020 0.02 0.02
Dividends – 4th quarter 11/10/2008 02/26/2021 04/01/2021 0.02 0.02
Dividends – 3rd quarter 11/10/2008 11/30/2020 01/04/2021 0.02 0.02
Dividends – 2nd quarter 11/10/2008 08/31/2020 10/01/2020 0.02 0.02
Dividends – 1st quarter 11/10/2008 05/29/2020 07/01/2020 0.02 0.02

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
IOC 12/09/2019 12/12/2019 04/30/2020 0.00595 0.0050575
Additional Dividends 08/12/2019 08/15/2019 08/23/2019 0.3405 0.3405
IOC 02/17/2020 02/20/2020 03/06/2020 0.2174 0.18479
Additional Dividends 02/17/2020 02/20/2020 03/06/2020 0.226 0.226
Dividends – 4th quarter 11/10/2008 02/28/2020 04/01/2020 0.02 0.02
Dividends – 3rd quarter 11/10/2008 11/29/2019 01/02/2020 0.02 0.02
Dividends – 2nd quarter 11/10/2008 08/30/2019 10/01/2019 0.02 0.02
Dividends – 1st quarter 11/10/2008 05/31/2019 07/01/2019 0.02 0.02

(1) IThe Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
IOC 02/18/2019 02/21/2019 03/07/2019 0.3111 0.264435
Additional Dividends 02/18/2019 02/21/2019 03/07/2019 0.4532 0.4532
IOC 12/12/2018 12/17/2018 03/07/2019 0.0081 0.006885
IOC 08/13/2018 08/17/2018 08/30/2018 0.0096 0.00816
Dividends 2018 08/13/2018 08/17/2018 08/30/2018 0.1992 0.1992
Dividends – 4th quarter 11/10/2008 02/28/2019 04/01/2019 0.02 0.02
Dividends – 3rd quarter 11/10/2008 11/30/2018 01/02/2019 0.02 0.02
Dividends – 2nd quarter 11/10/2008 08/31/2018 10/01/2018 0.015 0.015
Dividends – 1st quarter 11/10/2008 05/30/2018 07/02/2018 0.015 0.015

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
Additional Dividends – 1st installment 02/19/2018 02/22/2018 03/07/2018 0.11025 0.11025
Additional Dividends – 2nd installment 02/19/2018 02/22/2018 04/05/2018 0.185 0.185
IOC 02/19/2018 02/22/2018 03/07/2018 0.374 0.3179
IOC 12/19/2017 12/22/2017 03/07/2018 0.16806 0.142851
Dividends 2018 08/07/2017 08/14/2017 08/25/2017 0.079 0.06715
Dividends – 4th quarter 11/10/2008 02/28/2018 04/02/2018 0.015 0.015
Dividends – 3rd quarter 11/10/2008 11/30/2017 01/02/2018 0.015 0.015
Dividends – 2nd quarter 11/10/2008 08/31/2017 10/02/2017 0.015 0.015
Dividends – 1st quarter 11/10/2008 05/31/2017 07/03/2017 0.015 0.015

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
Additional IOC – 1st installment 02/13/2017 02/20/2017 03/03/2017 0.049 0.04165
Additional IOC – 2nd installment 02/13/2017 02/20/2017 04/06/2017 0.1188 0.10098
IOC – Single installment 12/19/2016 12/22/2016 03/03/2017 0.276 0.2346
IOC 08/08/2016 08/12/2016 08/25/2016 0.079 0.06715
Dividends – 4th quarter 11/10/2008 02/24/2017 04/03/2017 0.015 0.015
Dividends – 3rd quarter 11/10/2008 11/30/2016 01/02/2017 0.015 0.015
Dividends – 2nd quarter 11/10/2008 08/31/2016 10/03/2016 0.015 0.015
Dividends – 1st quarter 11/10/2008 05/31/2016 07/01/2016 0.015 0.015

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).

TYPE DECLARED ON SHAREHOLDING POSITION PAYMENT GROSS NET(1) DOCUMENT
(R$ per share)
Additional Dividends 02/18/2016 02/18/2016 02/29/2016 0.0755 0.0755
IOC 02/18/2016 02/18/2016 02/29/2016 0.1063 0.090355
IOC 12/07/2015 12/09/2015 02/29/2016 0.1209 0.102765
IOC 08/10/2015 08/12/2015 08/25/2015 0.0865 0.073525
Dividends – 4th quarter 11/10/2008 02/29/2016 04/01/2016 0.015 0.015
Dividends – 3rd quarter 11/10/2008 11/30/2015 01/04/2016 0.015 0.015
Dividends – 2nd quarter 11/10/2008 08/31/2015 10/01/2015 0.015 0.015
Dividends – 1st quarter 11/10/2008 05/29/2015 07/01/2015 0.015 0.015

(1) The Interest on Capital (IOC) is subject to a 15% withholding tax (except for corporate shareholders able to prove they are either immune or exempt).

In November 2024, we announced bonus shares in the proportion of five new shares for every 100 shares of the same type, to be granted to shareholders with a final shareholding position on December 2, 2024, which were delivered, as bonus shares, on December 4, 2024, at a cost of R$13.56 per share, which will provide shareholders with important tax gains at the time they realize their shares. Attributed cost was calculated based on the revenue reserves amount available for bonus shares (R$7.0 billion) divided by the number of new shares issued (516,407,471 new shares).

Bonus Shares

Full History
Declared on Shareholding position Attributed Cost Proportion Effect DOCUMENT
11/11/2024 12/02/2024 R$ 13.55518731 5% 5 new shares for every 100 shares of the same type held
11/22/2023 11/27/2023 R$ 17.9172476 5% 5 new shares for every 100 shares of the same type held
11/07/2022 11/10/2022 R$ 13.65162423 10% 10 new shares for every 100 shares of the same type held
12/13/2021 12/20/2021 R$ 18.191662 5% 5 new shares for every 100 shares of the same type held
05/24/2018 05/30/2018 R$ 6.536570679 10% 10 new shares for every 100 shares of the same type held
04/29/2016 04/29/2016 R$ 6.04028937 10% 10 new shares for every 100 shares of the same type held
03/31/2015 05/04/2016 R$ 8.137540972 10% 10 new shares for every 100 shares of the same type held
04/28/2014 05/02/2014 R$ 8.101295339 10% 10 new shares for every 100 shares of the same type held
04/30/2013 04/30/2013 R$ 9.489506364 10% 1 new share for every 10 shares of the same type held
04/26/2012 04/26/2012 R$ 6.402847 10% 1 new share for every 10 shares of the same type held
04/30/2009 04/30/2009 R$ 6.569658 10% 1 new share for every 10 shares of the same type held
04/29/2008 04/29/2008 R$ 6.42084 10% 1 new share for every 10 shares of the same type held
04/27/2007 04/27/2007 R$ 6.297958957 10% 1 new share for every 10 shares of the same type held

On February 10, 2025, the Board of Directors approved Itaúsa’s capital increase of up to R$ 1 billion through the issue of new shares.

Shareholders who held Itaúsa’ share at the end of February 17, 2025 were able to participate in the Capital Increase, for which the subscription price of the new shares was R$ 6.70/share, a discount of approximately 30% on the value of Itaúsa’s preferred shares.

Subscription of Shares (capital increase)

Full History
Declared on Shareholding position Purchase Price % of Capital
Increase		 Effect Document
02/10/2025 02/17/2025 R$ 6.70 1.38% Increase in share capital by R$1.0 billion and issuance of 149,253,731 new shares
08/14/2023 08/17/2023 R$ 6.50 1.39% Increase in share capital by R$877 million and issuance of 134,923,077 new shares
02/19/2018 02/22/2018 R$ 7.80 2.35% Increase in share capital by R$ 1.37 billion and issuance of 175,641,026 new shares
02/13/2017 02/20/2017 R$ 6.10 1.64% Increase in share capital by R$ 740 million and issuance of 121,311,478 new shares
02/09/2015 02/10/2015 R$ 6.70 0.73% Increase in share capital by R$300 million and issuance of 44,776,120 new shares
02/18/2014 02/18/2014 R$ 6.25 1.54% Increase in share capital by R$525 million and issuance of 84,000,000 new shares
05/06/2013 05/07/2013 R$ 6.50 2.60% Increase in share capital by R$900 million and issuance of 138,461,540 new shares
04/26/2012 04/26/2012 R$ 8,50 1,21% Increase in share capital by R$500 million and issuance of 58,823,530 new shares
04/29/2011 04/29/2011 R$ 10.00 0.94% Increase in share capital by R$412 million and issuance of 41,200,000 new shares
04/30/2010 04/30/2010 R$ 9.50 0.64% Increase in share capital by R$266 million and issuance of 28,000,000 new shares
04/30/2009 04/30/2009 R$ 5.80 1.82% Increase in share capital by R$450 million and issuance of 77,586,207 new shares
04/29/2008 04/29/2008 R$ 8.00 0.81% Increase in share capital by R$250 million and issuance of 31,250,000 new shares
04/27/2007 04/27/2007 R$ 8.40 1.02% Increase in share capital by R$300 million and issuance of 35,714,286 new shares
04/28/2006 04/28/2006 R$ 7.20 0.44% Increase in share capital by R$ 100 million and issuance of 13,888,889 new shares
04/29/2005 04/29/2005 R$ 4.00 0.78% Increase in share capital by R$ 100 million and issuance of 25,000,000 new shares
04/26/2004 04/26/2004 R$ 2.70 1.84% Increase in share capital by R$ 158.5 million and issuance of 58,703,704 new shares
04/28/2003 04/28/2003 R$ 1.50 2.47% Increase in share capital by R$ 116.7 million and issuance of 77,800,000 new shares
04/29/2002 04/29/2002 R$ 1.90 2.55% Increase in share capital by R$148.8 million and issuance of 78,297,368 new shares
03/19/2001 03/19/2001 R$ 1.50 3.03% Increase in share capital by R$ 135 million and issuance of 90,000,000 new shares
01/27/2000 01/27/2000 R$ 1.30 2.34% Increase in share capital by R$88.5 million and issuance of 68,076,923 new shares
03/24/1999 03/24/1999 R$ 0.84 2.29% Increase in share capital by R$60 million and issuance of 71,428,572 new shares
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