National Bank Holdings Corporation (NYSE:NBHC) Increases Dividend to $0.33 Per Share

National Bank Holdings Corporation (NYSE:NBHC) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 27th will be given a dividend of $0.33 per share by the financial services provider on Tuesday, December 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, November 27th. This is a 3.1% increase from National Bank’s previous quarterly dividend of $0.32.

National Bank has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 10 years. National Bank has a payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Bank to earn $3.97 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.2%.

National Bank Stock Performance

Shares of NBHC stock opened at $37.50 on Wednesday. The business’s fifty day simple moving average is $39.55 and its 200-day simple moving average is $41.30. The company has a market cap of $1.67 billion, a PE ratio of 29.77 and a beta of 0.83. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. National Bank has a 12-month low of $35.47 and a 12-month high of $47.28.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). National Bank had a return on equity of 5.90% and a net margin of 8.02%. The business had revenue of $126.44 million during the quarter, compared to analyst estimates of $134.81 million. During the same period in the previous year, the business earned $0.92 EPS. Analysts expect that National Bank will post 2.75 earnings per share for the current fiscal year.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.