Zions Bancorporation, N.A. (ZION) to Issue Quarterly Dividend of $0.48 on November 19th

Zions Bancorporation, N.A. (NASDAQ:ZION) announced a quarterly dividend on Friday, October 30th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.48 per share by the bank on Thursday, November 19th. This represents a $1.92 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, November 12th.

Zions Bancorporation, N.A. has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 12 years. Zions Bancorporation, N.A. has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Zions Bancorporation, N.A. to earn $6.85 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 28.0%.

Zions Bancorporation, N.A. Price Performance

ZION stock opened at $66.25 on Tuesday. The stock has a market capitalization of $9.67 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.04 and a beta of 0.85. The company’s 50-day moving average is $65.09 and its 200-day moving average is $63.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.86. Zions Bancorporation, N.A. has a 1 year low of $48.50 and a 1 year high of $73.34.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 19th. The bank reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.14. Zions Bancorporation, N.A. had a return on equity of 13.77% and a net margin of 24.81%. The business had revenue of $887.00 million for the quarter, compared to analyst estimates of $889.52 million. During the same quarter in the prior year, the company earned $1.48 earnings per share. Equities research analysts expect that Zions Bancorporation, N.A. will post 6.70 EPS for the current fiscal year.

Zions Bancorporation, N.A. declared that its Board of Directors has authorized a share repurchase program on Thursday, July 30th that permits the company to buy back $75 million in shares. This buyback authorization permits the bank to repurchase up to 0.7% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a national bank providing commercial and retail banking services to individuals, businesses, and institutions. Its offerings include business and consumer lending, deposit accounts, treasury management, and related banking services.

The bank serves customers across 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through regional banking brands, including Zions Bank, Amegy Bank, California Bank & Trust, and National Bank of Arizona.

The institution traces its history to 1873, when Zion’s Savings Bank and Trust Company was established in Salt Lake City.