NatWest Group plc (NWG) to Issue Dividend of $0.39 on April 28th

NatWest Group plc (NYSE:NWG) declared a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.3899 per share on Monday, April 28th. The ex-dividend date is Friday, March 14th. This is an increase from NatWest Group’s previous dividend of $0.36.

NatWest Group has increased its dividend by an average of 43.5% per year over the last three years. NatWest Group has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Analysts expect NatWest Group to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 20.3%.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at $11.24 on Friday. NatWest Group has a fifty-two week low of $5.87 and a fifty-two week high of $11.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $45.25 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.85 and a beta of 1.30. The company’s 50 day moving average price is $10.46 and its two-hundred day moving average price is $9.81.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. On average, equities analysts forecast that NatWest Group will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.