Zions Bancorporation, N.A. to Issue Quarterly Dividend of $0.45 (NASDAQ:ZION)

Zions Bancorporation, N.A. (NASDAQ:ZION) declared a quarterly dividend on Friday, January 30th. Investors of record on Thursday, February 12th will be paid a dividend of 0.45 per share by the bank on Thursday, February 19th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th.

Zions Bancorporation, N.A. has increased its dividend payment by an average of 0.1%annually 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 32.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Zions Bancorporation, N.A. to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 31.9%.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ ZION opened at $65.16 on Tuesday. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $66.18. The company has a 50 day simple moving average of $59.49 and a two-hundred day simple moving average of $56.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.