UBS Group AG (NYSE:UBS) Increases Dividend to $0.90 Per Share

UBS Group AG (NYSE:UBS) declared an annual dividend on Wednesday, February 5th,Wall Street Journal reports. Investors 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 yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. This is an increase 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 payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.7 %

UBS opened at $32.64 on Thursday. The company has a 50 day moving average of $32.45 and a 200 day moving average of $31.36. The company has a market cap of $104.64 billion, a PE ratio of 27.20 and a beta of 1.16. UBS Group has a 12 month low of $26.00 and a 12 month high of $35.84. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. During the same period last year, the business posted ($0.09) earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts expect that UBS Group will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

UBS has been the topic of several recent analyst reports. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, UBS Group has an average 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.