NatWest Group plc Declares Dividend of $0.32 (NYSE:NWG)

Key Points

• NatWest Group declared a $0.3222 per-share dividend, payable September 18 to shareholders of record on August 14; the ex-dividend date is also August 14.
• The dividend appears supported by earnings, with a 35.8% payout ratio and an expected future payout ratio of 28.6% based on projected earnings of $2.17 per share.
• NatWest’s latest quarterly earnings beat estimates, reporting $0.54 EPS versus the $0.45 consensus, while shares recently traded near their 52-week high at $19.24.

NatWest Group plc (NYSE:NWG - Get Free Report) announced a dividend on Friday, July 31st. Shareholders of record on Friday, August 14th will be paid a dividend of 0.3222 per share on Friday, September 18th. This represents a yield of 340.0%. The ex-dividend date of this dividend 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. Equities 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 Performance

NatWest Group stock traded up $0.19 during trading on Wednesday, hitting $19.24. The stock had a trading volume of 164,809 shares, compared to its average volume of 4,111,167. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market cap of $76.66 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. NatWest Group has a 1 year low of $13.56 and a 1 year high of $19.42. The stock's 50 day moving average is $17.60 and its two-hundred day moving average is $16.65.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.09. The company had revenue of $5.89 billion during the quarter, compared to analyst estimates of $5.90 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. As a group, analysts predict that NatWest Group will post 1.97 EPS for the current year.

Hedge Funds Weigh In On NatWest Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company's stock valued at $26,000 after acquiring an additional 1,484 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of NatWest Group in the 4th quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd boosted its position in shares of NatWest Group by 173.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company's stock valued at $38,000 after purchasing an additional 1,394 shares in the last quarter. IFP Advisors Inc boosted its position in shares of NatWest Group by 101.7% during the fourth quarter. IFP Advisors Inc now owns 2,259 shares of the company's stock valued at $40,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in NatWest Group by 35.2% in the first quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company's stock worth $55,000 after purchasing an additional 1,195 shares during the period. Hedge funds and other institutional investors own 1.27% of the company's stock.

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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