Barclays PLC (NYSE:BCS) to Issue Semi-annual Dividend of $0.16

Key Points

• Barclays PLC has declared a semi-annual dividend of $0.16 per share, with an ex-dividend date of August 8th, offering a dividend yield of 2.1%.
• The bank reported an earnings per share (EPS) of $0.62 for the most recent quarter, exceeding analysts' expectations of $0.50, along with a revenue of $9.58 billion.
• Barclays' current payout ratio stands at 21.3%, indicating that its dividends are well-supported by its earnings, with projections suggesting a future payout ratio of 22.8%.

Barclays PLC (NYSE:BCS) declared a semi-annual dividend on Wednesday, July 30th, Wall Street Journal reports. Investors of record on Friday, August 8th will be given a dividend of 0.1557 per share by the financial services provider on Tuesday, September 16th. This represents a dividend yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th.

Barclays has a payout ratio of 21.3% 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 $0.57 annual dividend with an expected future payout ratio of 22.8%.

Barclays Trading Down 2.4%

Shares of BCS stock traded down $0.47 on Friday, hitting $19.16. 12,024,262 shares of the company's stock traded hands, compared to its average volume of 17,721,025. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.39 and a current ratio of 1.38. Barclays has a one year low of $10.23 and a one year high of $20.07. The company's fifty day simple moving average is $18.33 and its 200 day simple moving average is $16.36. The stock has a market capitalization of $67.81 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.48 and a beta of 1.10.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.12. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. Equities analysts forecast that Barclays will post 2 EPS for the current year.

Institutional Investors Weigh In On Barclays

Institutional investors and hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new position in Barclays during the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new position in Barclays during the 1st quarter valued at about $30,000. Wealthquest Corp purchased a new position in Barclays during the 1st quarter valued at about $32,000. Zions Bancorporation National Association UT purchased a new position in Barclays during the 1st quarter valued at about $40,000. Finally, WPG Advisers LLC purchased a new position in Barclays during the 1st quarter valued at about $40,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.