NatWest Group plc (NYSE:NWG) Plans $0.26 Semi-annual Dividend

Key Points

• NatWest Group plc has announced a semi-annual dividend of $0.26 per share, with a yield of 3.9%, to be paid on September 12th to investors of record by August 8th.
• The company's recent earnings report showed $0.41 earnings per share for the quarter, exceeding analyst expectations of $0.37, and revenues reached $5.42 billion against an estimate of $4.06 billion.
• Analysts maintain a consensus rating of "Buy" on NatWest Group, with Citigroup reiterating a "buy" rating, indicating positive sentiment among investors regarding the company's stock performance.

NatWest Group plc (NYSE:NWG - Get Free Report) declared a semi-annual dividend on Monday, July 28th, Wall Street Journal reports. Investors of record on Friday, August 8th will be paid a dividend of 0.255 per share on Friday, September 12th. This represents a yield of 3.9%. The ex-dividend date is Friday, August 8th.

NatWest Group has a payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NatWest Group to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.79 annual dividend with an expected future payout ratio of 51.6%.

NatWest Group Trading Down 1.7%

NYSE NWG traded down $0.24 during trading hours on Monday, hitting $13.90. The company's stock had a trading volume of 3,737,983 shares, compared to its average volume of 5,142,480. The stock has a fifty day moving average of $13.88 and a 200 day moving average of $12.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $56.29 billion, a P/E ratio of 8.97, a PEG ratio of 0.82 and a beta of 1.01. NatWest Group has a twelve month low of $8.08 and a twelve month high of $14.55.

NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 12.29%. Equities research analysts forecast that NatWest Group will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy".

Institutional Investors Weigh In On NatWest Group

Several large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in NatWest Group by 35.2% in the first quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company's stock valued at $55,000 after purchasing an additional 1,195 shares in the last quarter. Focus Partners Wealth grew its position in NatWest Group by 70.6% in the first quarter. Focus Partners Wealth now owns 24,251 shares of the company's stock valued at $290,000 after purchasing an additional 10,034 shares in the last quarter. Jane Street Group LLC bought a new position in NatWest Group in the first quarter valued at $2,282,000. Goldman Sachs Group Inc. grew its position in NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company's stock valued at $77,181,000 after purchasing an additional 455,538 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in NatWest Group by 14,445.1% in the first quarter. NewEdge Advisors LLC now owns 14,836 shares of the company's stock valued at $177,000 after purchasing an additional 14,734 shares in the last quarter. Institutional investors own 1.27% of the company's stock.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.

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