NatWest Group plc (NYSE:NWG) Increases Dividend to $0.39 Per Share

NatWest Group plc (NYSE:NWG) announced a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Stockholders 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 payment by an average of 43.5% per year over the last three years. NatWest Group has a payout ratio of 20.3% indicating that 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 Trading Up 0.4 %

NWG stock traded up $0.05 during trading on Thursday, hitting $11.24. The company had a trading volume of 3,257,045 shares, compared to its average volume of 2,998,466. The stock has a market cap of $45.25 billion, a PE ratio of 8.26, a PEG ratio of 0.86 and a beta of 1.30. The business has a 50-day moving average of $10.44 and a 200-day moving average of $9.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. NatWest Group has a one year low of $5.87 and a one year high of $11.41.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. Research analysts predict 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 NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three 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 MarketBeat, the company currently has a consensus 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.