NatWest Group plc (NWG) to Issue Dividend of $0.62 on May 5th

NatWest Group plc (NYSE:NWG) declared a dividend on Wednesday, February 18th. Stockholders of record on Friday, March 20th will be given a dividend of 0.621 per share on Tuesday, May 5th. This represents a dividend yield of 743.0%. The ex-dividend date is Friday, March 20th.

NatWest Group has raised its dividend payment by an average of 0.6%annually over the last three years. NatWest Group has a dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect NatWest Group to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.49 annual dividend with an expected future payout ratio of 32.0%.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at $16.81 on Friday. The stock has a market cap of $67.14 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 0.57 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. NatWest Group has a twelve month low of $10.40 and a twelve month high of $19.35. The company’s fifty day moving average is $17.45 and its 200 day moving average is $15.85.

NatWest Group (NYSE:NWG) last announced its earnings results on Thursday, February 12th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.38 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.59 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%. Sell-side analysts forecast that NatWest Group will post 1.35 EPS for the current year.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.