National Bank Holdings Corporation (NYSE:NBHC) Increases Dividend to $0.33 Per Share

Key Points

• National Bank Holdings raised its quarterly dividend 3.1%, from $0.32 to $0.33 per share, equivalent to $1.32 annually and a 3.5% yield. The dividend is payable December 15 to shareholders of record November 27.
• The company has increased its dividend for 10 consecutive years. Its current payout ratio is 38.9%, and analysts expect next year’s earnings to cover the dividend comfortably.
• National Bank’s latest quarter fell short of estimates: EPS was $0.06 versus $0.79 expected, while revenue was $126.44 million compared with $134.81 million forecast.

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 27th will be given a dividend of $0.33 per share by the financial services provider on Tuesday, December 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, November 27th. This is a 3.1% increase from National Bank's previous quarterly dividend of $0.32.

National Bank has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 10 years. National Bank has a payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Bank to earn $3.97 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.2%.

National Bank Stock Performance

Shares of NBHC stock opened at $37.50 on Wednesday. The business's fifty day simple moving average is $39.55 and its 200-day simple moving average is $41.30. The company has a market cap of $1.67 billion, a PE ratio of 29.77 and a beta of 0.83. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. National Bank has a 12-month low of $35.47 and a 12-month high of $47.28.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.73). National Bank had a return on equity of 5.90% and a net margin of 8.02%. The business had revenue of $126.44 million during the quarter, compared to analyst estimates of $134.81 million. During the same period in the previous year, the business earned $0.92 EPS. Analysts expect that National Bank will post 2.75 earnings per share for the current fiscal year.

About National Bank

National Bank Holdings Corporation NYSE: NBHC is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.