UBS Group AG (NYSE:UBS) Announces Annual Dividend of $0.90

UBS Group AG (NYSE:UBS) announced an annual dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Wednesday, April 16th will be given a dividend of 0.90 per share by the bank on Thursday, April 17th. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 16th. This is a boost from UBS Group’s previous annual dividend of $0.23.

UBS Group has increased its dividend payment by an average of 23.7% per year over the last three years. UBS Group has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Analysts expect UBS Group to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 17.9%.

UBS Group Price Performance

Shares of NYSE:UBS traded up $0.23 during trading on Wednesday, reaching $32.64. 2,915,918 shares of the company traded hands, compared to its average volume of 2,234,940. The company’s 50 day moving average is $32.45 and its two-hundred day moving average is $31.36. The firm has a market capitalization of $104.64 billion, a PE ratio of 27.20 and a beta of 1.16. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group has a 52 week low of $26.00 and a 52 week high of $35.84.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share. As a group, sell-side analysts predict that UBS Group will post 1.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBS has been the subject of several recent analyst reports. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, UBS Group has a consensus rating of “Moderate Buy”.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.