Swedbank AB (publ) (OTCMKTS:SWDBY) Plans Dividend of $1.98

Swedbank AB (publ) (OTCMKTS:SWDBY) declared a dividend on Tuesday, February 4th, NASDAQ Dividends reports. Shareholders of record on Friday, March 28th will be given a dividend of 1.9773 per share by the financial services provider on Monday, April 14th. The ex-dividend date of this dividend is Friday, March 28th. This is a 33.6% increase from Swedbank AB (publ)’s previous dividend of $1.48.

Swedbank AB (publ) Price Performance

SWDBY stock opened at SEK 26.22 on Wednesday. The company has a market capitalization of $29.51 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.93 and a beta of 0.93. Swedbank AB has a 52-week low of SEK 18.52 and a 52-week high of SEK 26.56. The business has a 50-day simple moving average of SEK 23.75 and a two-hundred day simple moving average of SEK 21.45. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.50 and a current ratio of 1.52.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. Research analysts expect that Swedbank AB will post 2.34 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays cut Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd.

About Swedbank AB (publ)

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.