Zions Bancorporation, N.A. (ZION) To Go Ex-Dividend on August 13th

Zions Bancorporation, N.A. (NASDAQ:ZION) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.48 per share by the bank on Thursday, August 20th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, August 13th. This is a 6.7% increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45.

Zions Bancorporation, N.A. has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. Zions Bancorporation, N.A. has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Zions Bancorporation, N.A. to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 28.4%.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ ZION opened at $70.62 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26. Zions Bancorporation, N.A. has a 1-year low of $46.19 and a 1-year high of $73.34. The firm has a market cap of $10.39 billion, a PE ratio of 9.00, a PEG ratio of 1.68 and a beta of 0.81. The company has a fifty day moving average price of $68.57 and a 200 day moving average price of $63.02.

Zions Bancorporation, N.A. announced that its Board of Directors has initiated a stock repurchase plan on Saturday, May 2nd that allows the company to buyback $225.00 million in shares. This buyback authorization allows the bank to buy up to 2.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle?market firms and high?net?worth clients. Its service portfolio includes deposit accounts, cash?management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.