NatWest Group plc (NYSE:NWG – Get Free Report) declared a dividend on Friday, July 31st. Investors of record on Friday, August 14th will be paid a dividend of 0.3222 per share on Friday, September 18th. This represents a dividend yield of 340.0%. The ex-dividend date is Friday, August 14th.
NatWest Group has increased its dividend payment by an average of 0.6%per year over the last three years. NatWest Group has a dividend payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect NatWest Group to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 28.6%.
NatWest Group Stock Up 1.0%
NYSE NWG traded up $0.19 during trading hours on Wednesday, reaching $19.24. 164,809 shares of the company’s stock traded hands, compared to its average volume of 4,111,167. NatWest Group has a 52-week low of $13.56 and a 52-week high of $19.42. The firm has a market cap of $76.66 billion, a PE ratio of 9.58, a PEG ratio of 0.97 and a beta of 0.92. The firm has a 50-day simple moving average of $17.60 and a 200 day simple moving average of $16.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04.
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.
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