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

Barclays PLC (NYSE:BCS) announced a dividend on Tuesday, February 10th. Shareholders of record on Friday, February 20th will be given a dividend of 0.3069 per share by the financial services provider on Tuesday, March 31st. This represents a yield of 232.0%. The ex-dividend date of this dividend is Friday, February 20th.

Barclays has raised its dividend by an average of 0.0%per year over the last three years. Barclays has a payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Barclays to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 12.4%.

Barclays Stock Performance

Shares of NYSE:BCS traded down $0.02 during trading on Wednesday, hitting $26.15. 6,572,637 shares of the company traded hands, compared to its average volume of 5,617,262. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The business’s fifty day moving average is $25.53 and its 200-day moving average is $22.37. The stock has a market capitalization of $90.62 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.41 and a beta of 0.96. Barclays has a one year low of $12.14 and a one year high of $27.70.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The business had revenue of $72.64 million during the quarter, compared to analyst estimates of $9.23 billion. As a group, equities analysts predict that Barclays will post 2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Barclays

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCS. Commonwealth Retirement Investments LLC acquired a new position in Barclays in the fourth quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Barclays during the 2nd quarter worth $27,000. Mather Group LLC. bought a new position in shares of Barclays during the 3rd quarter valued at $30,000. Salomon & Ludwin LLC raised its holdings in shares of Barclays by 2,673.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Barclays in the 2nd quarter valued at $28,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

About Barclays

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.