NatWest Group plc (NYSE:NWG) Plans $0.62 Dividend

NatWest Group plc (NYSE:NWG) announced a dividend on Wednesday, February 18th. Investors 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 increased its dividend by an average of 0.6%per year over the last three years. NatWest Group has a payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Research 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

NatWest Group stock traded down $0.39 during midday trading on Thursday, reaching $16.77. 2,905,825 shares of the stock traded hands, compared to its average volume of 3,464,365. NatWest Group has a fifty-two week low of $10.40 and a fifty-two week 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 firm has a market cap of $66.99 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.56 and a beta of 0.96. The firm has a fifty day moving average price of $17.45 and a two-hundred day moving average price of $15.85.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.59 billion. On average, equities research analysts forecast that NatWest Group will post 1.35 earnings per share for the current year.

Hedge Funds Weigh In On NatWest Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in shares of NatWest Group in the fourth quarter valued at $31,000. Salomon & Ludwin LLC lifted its stake in NatWest Group by 2,941.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after acquiring an additional 1,765 shares in the last quarter. Larson Financial Group LLC lifted its stake in NatWest Group by 427.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after acquiring an additional 1,484 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in NatWest Group during the 4th quarter worth about $34,000. Finally, Bessemer Group Inc. grew its stake in NatWest Group by 88.7% during the 3rd quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock valued at $29,000 after acquiring an additional 972 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

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.