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 given a dividend of 0.3899 per share on Monday, April 28th. The ex-dividend date is Friday, March 14th. This is a boost from NatWest Group’s previous dividend of $0.36.

NatWest Group has raised its dividend payment 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. Research 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 %

NYSE:NWG opened at $11.24 on Friday. 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 50-day moving average of $10.46 and a 200-day moving average of $9.81. The company has a market cap of $45.25 billion, a PE ratio of 8.26, a PEG ratio of 0.85 and a beta of 1.30. 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 earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. As a group, equities research analysts expect that NatWest Group will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

NatWest Group Company Profile

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.