Zions Bancorporation, N.A. (NASDAQ:ZION) to Issue $0.45 Quarterly Dividend

Zions Bancorporation, N.A. (NASDAQ:ZION) declared a quarterly dividend on Friday, May 1st. Investors of record on Thursday, May 14th will be given a dividend of 0.45 per share by the bank on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, May 14th.

Zions Bancorporation, N.A. has raised its dividend payment by an average of 0.1%annually 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 32.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Zions Bancorporation, N.A. to earn $6.68 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.9%.

Zions Bancorporation, N.A. Stock Down 2.7%

ZION stock opened at $60.80 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.94 billion, a PE ratio of 9.46, a PEG ratio of 2.08 and a beta of 0.83. Zions Bancorporation, N.A. has a 1-year low of $45.52 and a 1-year high of $66.18. The business’s 50 day simple moving average is $58.87 and its 200 day simple moving average is $57.90.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its earnings results on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. The business had revenue of $859.00 million for the quarter, compared to analyst estimates of $853.73 million. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.During the same period in the previous year, the firm earned $1.13 EPS. As a group, research analysts anticipate that Zions Bancorporation, N.A. will post 6.41 EPS for the current year.

Zions Bancorporation, N.A. declared that its Board of Directors has approved a share repurchase plan on Saturday, May 2nd that permits the company to repurchase $225.00 million in outstanding shares. This repurchase authorization permits the bank to purchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

About Zions Bancorporation, N.A.

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.