Barclays PLC (NYSE:BCS) to Issue $0.31 Dividend

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

Barclays has raised its dividend payment by an average of 0.0%annually over the last three years. Barclays has a payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Barclays to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 12.4%.

Barclays Stock Performance

Shares of NYSE:BCS traded up $0.06 during midday trading on Wednesday, reaching $26.22. 6,148,451 shares of the company’s stock traded hands, compared to its average volume of 5,597,013. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. Barclays has a one year low of $12.14 and a one year high of $27.70. The company has a market cap of $90.89 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.41 and a beta of 0.96. The stock has a 50 day moving average of $25.53 and a 200 day moving average of $22.37.

Barclays (NYSE:BCS) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The business had revenue of $72.64 million for the quarter, compared to analysts’ expectations of $9.23 billion. Barclays had a net margin of 21.26% and a return on equity of 8.19%. As a group, equities research analysts anticipate that Barclays will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a report on Wednesday. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Barclays has an average 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.