NatWest Group plc (NWG) To Go Ex-Dividend on August 14th

NatWest Group plc (NYSE:NWG) announced a dividend on Friday, July 31st. Investors of record on Friday, August 14th will be paid a dividend of 0.3222 per share on Friday, September 18th. This represents a yield of 340.0%. The ex-dividend date is Friday, August 14th.

NatWest Group has increased its dividend payment by an average of 0.6%annually over the last three years. NatWest Group has a payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NatWest Group to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 28.6%.

NatWest Group Stock Performance

NatWest Group stock traded up $0.17 during midday trading on Wednesday, reaching $19.23. The stock had a trading volume of 444,830 shares, compared to its average volume of 4,113,297. The firm has a market capitalization of $76.61 billion, a PE ratio of 9.57, a P/E/G ratio of 0.97 and a beta of 0.92. NatWest Group has a 12 month low of $13.56 and a 12 month high of $19.42. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $17.60 and its 200 day moving average price is $16.65.

NatWest Group (NYSE:NWG) last issued its earnings results on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $5.89 billion during the quarter, compared to analyst estimates of $5.90 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. As a group, research analysts predict that NatWest Group will post 1.97 earnings per share for the current fiscal year.

About NatWest Group

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.