Barclays PLC (BCS) to Distribute Dividend of $0.31 on September 15th

Barclays PLC (NYSE:BCS) announced a dividend on Tuesday, July 28th. Stockholders of record on Friday, August 7th will be given a dividend of 0.3134 per share by the financial services provider on Tuesday, September 15th. This represents a dividend yield of 233.0%. The ex-dividend date is Friday, August 7th.

Barclays has a dividend payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Barclays to earn $3.48 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 16.4%.

Barclays Price Performance

Shares of NYSE BCS opened at $26.03 on Thursday. Barclays has a 1-year low of $18.79 and a 1-year high of $28.67. The firm’s 50-day moving average price is $26.30 and its 200-day moving average price is $24.71. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. The firm has a market capitalization of $88.73 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.46 and a beta of 1.00.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Barclays had a return on equity of 8.87% and a net margin of 22.27%.The business had revenue of $10.95 billion during the quarter, compared to analyst estimates of $10.78 billion. Equities research analysts anticipate that Barclays will post 2.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BCS has been the subject of a number of research analyst reports. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Barclays in a research report on Friday, July 17th. Berenberg Bank began coverage on shares of Barclays in a report on Wednesday, June 24th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Barclays presently has an average rating of “Moderate Buy”.

About Barclays

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.