Barclays PLC (NYSE:BCS) to Issue Semi-annual Dividend of $0.27

Barclays PLC (NYSE:BCS) announced a semi-annual dividend on Friday, August 2nd, Wall Street Journal reports. Investors of record on Friday, August 16th will be paid a dividend of 0.2684 per share by the financial services provider on Friday, September 20th. This represents a yield of 3.6%. The ex-dividend date is Friday, August 16th. This is a boost from Barclays’s previous semi-annual dividend of $0.27.

Barclays has raised its dividend payment by an average of 10.7% per year over the last three years. Barclays has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Barclays to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.53 annual dividend with an expected future payout ratio of 25.7%.

Barclays Stock Performance

NYSE:BCS traded down $0.58 on Friday, reaching $10.73. 16,034,134 shares of the company’s stock were exchanged, compared to its average volume of 15,057,506. The stock has a fifty day simple moving average of $11.22 and a 200-day simple moving average of $9.78. Barclays has a 52 week low of $6.23 and a 52 week high of $12.11. The company has a debt-to-equity ratio of 6.15, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $39.76 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 0.66 and a beta of 1.44.

Barclays (NYSE:BCS) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $7.98 billion for the quarter. Barclays had a net margin of 17.21% and a return on equity of 6.13%. During the same period in the previous year, the firm earned $0.43 EPS. As a group, sell-side analysts predict that Barclays will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Barclays in a report on Thursday, May 9th. They issued a “buy” rating on the stock. StockNews.com raised shares of Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.