Deutsche Bank Aktiengesellschaft (NYSE:DB) Declares Annual Dividend of $0.51

Deutsche Bank Aktiengesellschaft (NYSE:DB) announced an annual dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Monday, May 26th will be given a dividend of 0.5122 per share by the bank on Tuesday, May 27th. This represents a yield of 1.7%. The ex-dividend date is Friday, May 23rd. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33.

Deutsche Bank Aktiengesellschaft has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Deutsche Bank Aktiengesellschaft to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.49 annual dividend with an expected future payout ratio of 15.2%.

Deutsche Bank Aktiengesellschaft Stock Up 0.3 %

Shares of DB opened at $18.90 on Wednesday. The stock has a market capitalization of $37.64 billion, a price-to-earnings ratio of 13.59 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a 52 week low of $12.43 and a 52 week high of $20.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The stock has a fifty day moving average of $18.00 and a 200-day moving average of $16.99.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. As a group, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DB has been the subject of several analyst reports. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.