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 an increase from NatWest Group’s previous dividend of $0.36.

NatWest Group has increased its dividend payment by an average of 43.5% annually 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 Price Performance

Shares of NWG traded up $0.05 during midday trading on Thursday, reaching $11.24. The stock had a trading volume of 3,257,045 shares, compared to its average volume of 2,998,466. NatWest Group has a 52 week low of $5.87 and a 52 week high of $11.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50 day moving average price is $10.44 and its 200-day moving average price is $9.80. The company has a market capitalization of $45.25 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.86 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded 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. According to data from MarketBeat, NatWest Group 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.