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

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) announced 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 dividend yield of 390.0%. The ex-dividend date is Friday, August 8th.

NatWest Group has a payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. 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 2.1%

Shares of NWG traded down $0.30 during mid-day trading on Friday, reaching $13.68. The stock had a trading volume of 1,383,755 shares, compared to its average volume of 5,088,059. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group has a 52-week low of $8.08 and a 52-week high of $14.55. The business's fifty day moving average is $13.88 and its 200 day moving average is $12.55. The firm has a market cap of $55.41 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.81 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last announced 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 during 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 11.99%. On average, sell-side analysts predict that NatWest Group will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in NatWest Group by 1,506.7% during the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock worth $7,630,000 after purchasing an additional 703,534 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of NatWest Group by 9.9% during the 4th quarter. Franklin Resources Inc. now owns 26,063 shares of the company's stock worth $265,000 after purchasing an additional 2,356 shares in the last quarter. Trexquant Investment LP boosted its position in shares of NatWest Group by 510.9% during the 4th quarter. Trexquant Investment LP now owns 247,808 shares of the company's stock worth $2,520,000 after purchasing an additional 207,242 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of NatWest Group by 5.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 944,614 shares of the company's stock worth $9,607,000 after purchasing an additional 49,462 shares in the last quarter. Finally, OneAscent Financial Services LLC boosted its position in shares of NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after purchasing an additional 926 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.