NatWest Group plc (NWG) to Issue Dividend of $0.32 on September 18th

NatWest Group plc (NYSE:NWG) declared a dividend on Friday, July 31st. Investors of record on Friday, August 14th will be paid a dividend of 0.3222 per share on Friday, September 18th. This represents a dividend yield of 340.0%. The ex-dividend date is Friday, August 14th.

NatWest Group has raised its dividend payment by an average of 0.6%annually over the last three years. NatWest Group has a dividend payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NWG traded up $0.17 during trading on Wednesday, hitting $19.22. The company’s stock had a trading volume of 694,352 shares, compared to its average volume of 4,113,778. The firm has a market capitalization of $76.58 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.97 and a beta of 0.92. NatWest Group has a twelve month low of $13.56 and a twelve month high of $19.42. The business’s fifty day simple moving average is $17.60 and its 200 day simple moving average is $16.65. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (NYSE:NWG) last announced its earnings results 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. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The business had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.90 billion. On average, equities research analysts forecast that NatWest Group will post 1.97 EPS for the current fiscal year.

Institutional Trading of NatWest Group

Several large investors have recently bought and sold shares of NWG. AQR Capital Management LLC increased its holdings in shares of NatWest Group by 47.0% in the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock valued at $3,357,000 after purchasing an additional 90,057 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of NatWest Group by 14,445.1% in the 1st quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock worth $177,000 after acquiring an additional 14,734 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock worth $77,181,000 after acquiring an additional 455,538 shares during the period. Jane Street Group LLC acquired a new position in shares of NatWest Group during the 1st quarter valued at about $2,282,000. Finally, Focus Partners Wealth grew its holdings in shares of 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 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.