Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB – Get Free Report) announced a quarterly dividend on Monday, July 27th. Investors of record on Wednesday, August 12th will be paid a dividend of 0.50 per share by the bank on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, August 12th.
Bank of N.T. Butterfield & Son has raised its dividend payment by an average of 0.0%annually over the last three years. Bank of N.T. Butterfield & Son has a payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bank of N.T. Butterfield & Son to earn $7.15 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 28.0%.
Bank of N.T. Butterfield & Son Stock Performance
NTB stock opened at $62.35 on Monday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 10.96 and a beta of 0.51. Bank of N.T. Butterfield & Son has a one year low of $40.59 and a one year high of $62.54. The company has a 50 day moving average price of $59.82 and a two-hundred day moving average price of $55.68.
Bank of N.T. Butterfield & Son Company Profile
Bank of N.T. Butterfield & Son Limited, commonly known as Butterfield, is a Bermuda-based provider of banking and wealth management services. Founded in 1858, the firm has grown from a local colonial bank into an international financial institution. With a focus on personalized client service, Butterfield offers a comprehensive suite of banking and fiduciary solutions to private individuals, families, and corporate clients.
The bank’s core activities include private banking, retail and commercial lending, trust and corporate administration, and fund services.
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