UBS Group AG (NYSE:UBS) Announces Annual Dividend of $0.90

UBS Group AG (NYSE:UBS) announced an annual dividend on Tuesday, February 4th, Wall Street Journal reports. Shareholders of record on Wednesday, April 16th will be given a dividend of 0.90 per share by the bank on Thursday, April 17th. This represents a yield of 2.1%. The ex-dividend date is Wednesday, April 16th. This is a 294.7% increase from UBS Group’s previous annual dividend of $0.23.

UBS Group has increased its dividend by an average of 23.7% annually over the last three years. UBS Group has a payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Analysts expect UBS Group to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 14.9%.

UBS Group Price Performance

Shares of UBS Group stock opened at $28.47 on Monday. The business has a 50 day moving average of $32.03 and a 200 day moving average of $32.11. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The company has a market cap of $91.29 billion, a PE ratio of 18.73 and a beta of 1.16. UBS Group has a 52 week low of $25.75 and a 52 week high of $35.84.

UBS Group (NYSE:UBS) last posted its earnings results on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. During the same period last year, the firm posted ($0.09) EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that UBS Group will post 1.9 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Bank of America lowered shares of UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Morgan Stanley lowered shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.