Barclays PLC (NYSE:BCS) Declares Dividend of $0.31

Barclays PLC (NYSE:BCS) declared a dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be given a dividend of 0.3134 per share by the financial services provider on Tuesday, September 15th. This represents a yield of 233.0%. The ex-dividend date of this dividend is Friday, August 7th.

Barclays has a payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Barclays to earn $3.48 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 16.4%.

Barclays Trading Down 2.7%

NYSE:BCS traded down $0.73 during trading hours on Wednesday, hitting $26.25. The company had a trading volume of 828,091 shares, compared to its average volume of 6,659,153. Barclays has a 1 year low of $18.79 and a 1 year high of $28.67. The company has a market cap of $89.46 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.48 and a beta of 1.00. The company has a 50-day moving average of $26.26 and a 200 day moving average of $24.71. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Barclays had a return on equity of 8.12% and a net margin of 21.10%.The business had revenue of $10.95 billion for the quarter, compared to analyst estimates of $10.78 billion. Sell-side analysts expect that Barclays will post 2.86 earnings per share for the current year.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.