Barclays PLC Announces Semi-annual Dividend of $0.06 (NYSE:BCS)

Posted by Jim Brewer on Feb 23rd, 2021

Barclays PLC (NYSE:BCS) announced a semi-annual dividend on Friday, February 19th, Wall Street Journal reports. Stockholders of record on Friday, February 26th will be given a dividend of 0.0555 per share by the financial services provider on Thursday, April 1st. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, February 25th.

Barclays has decreased its dividend by 100.0% over the last three years. Barclays has a payout ratio of 13.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Barclays to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 11.0%.

NYSE:BCS opened at $8.57 on Tuesday. The firm has a market cap of $37.18 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 4.13 and a beta of 1.58. Barclays has a fifty-two week low of $3.41 and a fifty-two week high of $8.80. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.52 and a current ratio of 1.50. The business has a 50 day moving average price of $8.00 and a 200-day moving average price of $6.67.

BCS has been the subject of a number of research analyst reports. Investec lowered Barclays from a “buy” rating to a “hold” rating in a research note on Tuesday, November 10th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Barclays in a research note on Thursday, January 7th. Exane BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a research note on Monday, January 18th. AlphaValue raised Barclays to a “reduce” rating in a research note on Tuesday, November 10th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barclays in a research note on Monday, January 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Barclays presently has an average rating of “Hold”.

About Barclays

Barclays Plc operates as a bank holding company that engages in the business of providing retail banking, credit cards, corporate and investment banking and wealth management services. The company operates through two divisions: Barclays UK and Barclays International. The Barclays UK division comprises the U.K.

Barclays PLC Announces Semi-annual Dividend of $0.06 (NYSE:BCS)

Latest News