NatWest Group plc (NYSE:NWG) to Issue $0.32 Dividend

NatWest Group plc (NYSE:NWGGet Free Report) declared a dividend on Friday, July 31st. Investors of record on Friday, August 14th will be given a dividend of 0.3222 per share on Friday, September 18th. This represents a dividend yield of 340.0%. The ex-dividend date is Friday, August 14th.

NatWest Group has increased its dividend by an average of 0.6%annually over the last three years. NatWest Group has a dividend payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect NatWest Group to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 28.6%.

NatWest Group Price Performance

NWG traded up $0.21 on Wednesday, reaching $19.27. The company had a trading volume of 352,765 shares, compared to its average volume of 4,111,167. NatWest Group has a 52-week low of $13.56 and a 52-week high of $19.42. The company has a market cap of $76.77 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. The business has a 50 day simple moving average of $17.60 and a 200 day simple moving average of $16.65.

NatWest Group (NYSE:NWGGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.90 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. As a group, sell-side analysts anticipate that NatWest Group will post 1.97 EPS for the current year.

About NatWest Group

(Get Free Report)

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.

See Also

Dividend History for NatWest Group (NYSE:NWG)

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