Foreign stock with Monthly Dividend !!

Banco Itau Holding Financeira S.A.- ITU is the second largest private sector bank. This bank is one of the few ADRs that give a monthly dividend. ITU provides a monthly dividend of $0.0067 per share.

Picture: Rio De Janeiro, Brazil

Though this monthly dividend is a very small amount it still matters since dividends come from profit.Apart from this, ITU provides an annual dividend which is about $0.33 per share.The stock had a 2:1 split a few months ago and now trades for $22+.

Yesterday the company announced that net profit jumped 58% for the 4th Qtr.

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