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

NatWest Group plc (NYSE:NWG) declared 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 of this dividend 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. Equities 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 Stock Performance

Shares of NWG traded up $0.05 during mid-day trading on Thursday, hitting $11.24. The stock had a trading volume of 3,257,045 shares, compared to its average volume of 2,998,466. The company 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 company’s fifty day simple moving average is $10.44 and its two-hundred day simple moving average is $9.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. NatWest Group has a fifty-two week low of $5.87 and a fifty-two week high of $11.41.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. On average, equities analysts expect that NatWest Group will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently 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.