Barclays PLC (BCS) to Issue Dividend of $0.31 on March 31st

Barclays PLC (NYSE:BCS) announced a dividend on Tuesday, February 10th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.3069 per share by the financial services provider on Tuesday, March 31st. This represents a dividend yield of 232.0%. The ex-dividend date is Friday, February 20th.

Barclays has increased its dividend by an average of 0.0%annually over the last three years. Barclays has a dividend payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Barclays to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 23.6%.

Barclays Stock Up 2.6%

Shares of Barclays stock opened at $25.96 on Wednesday. Barclays has a twelve month low of $12.14 and a twelve month high of $27.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.45. The company’s 50 day moving average is $25.77 and its 200 day moving average is $22.58. The company has a market cap of $89.66 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.38 and a beta of 0.96.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. Barclays had a return on equity of 8.33% and a net margin of 21.91%.The business had revenue of $72.64 million for the quarter, compared to analysts’ expectations of $9.23 billion. Research analysts anticipate that Barclays will post 2 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on BCS. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a report on Friday. Citigroup reissued a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a report on Tuesday, December 23rd. Finally, Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.