Zions Bancorporation, N.A. (NASDAQ:ZION) Announces Quarterly Dividend of $0.48

Zions Bancorporation, N.A. (NASDAQ:ZION) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.48 per share by the bank on Thursday, August 20th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, August 13th. This is a 6.7% increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45.

Zions Bancorporation, N.A. has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. Zions Bancorporation, N.A. has a dividend payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Zions Bancorporation, N.A. to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.7%.

Zions Bancorporation, N.A. Trading Up 0.8%

NASDAQ:ZION opened at $69.46 on Friday. The firm has a 50-day simple moving average of $67.36 and a 200-day simple moving average of $62.45. Zions Bancorporation, N.A. has a one year low of $46.19 and a one year high of $73.34. The firm has a market cap of $10.22 billion, a P/E ratio of 8.85, a P/E/G ratio of 1.64 and a beta of 0.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 0.84.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.