NatWest Group plc to Issue Dividend of $0.62 (NYSE:NWG)

NatWest Group plc (NYSE:NWGGet Free Report) 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 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. Equities 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 NYSE:NWG traded down $0.43 during midday trading on Thursday, hitting $16.74. The stock had a trading volume of 2,717,615 shares, compared to its average volume of 3,458,824. NatWest Group has a 1 year low of $10.40 and a 1 year high of $19.35. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $17.45 and a two-hundred day moving average price of $15.85. The company has a market capitalization of $66.87 billion, a PE ratio of 9.36, a P/E/G ratio of 0.56 and a beta of 0.96.

NatWest Group (NYSE:NWGGet Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. As a group, equities analysts predict that NatWest Group will post 1.35 earnings per share for the current fiscal year.

NatWest Group Company Profile

(Get Free Report)

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.

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Dividend History for NatWest Group (NYSE:NWG)

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