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

Swedbank AB (publ) (OTCMKTS:SWDBY) declared a dividend on Tuesday, February 4th, NASDAQ Dividends reports. Stockholders 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) Stock Performance

Shares of OTCMKTS SWDBY traded up SEK 0.51 during midday trading on Wednesday, hitting SEK 26.22. The company’s stock had a trading volume of 24,800 shares, compared to its average volume of 23,014. The firm has a market cap of $29.51 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.93 and a beta of 0.93. Swedbank AB has a 1-year low of SEK 18.52 and a 1-year high of SEK 26.56. The firm’s fifty day moving average price is SEK 23.75 and its 200-day moving average price is 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 earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 EPS for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. On average, sell-side analysts forecast that Swedbank AB will post 2.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays cut Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note 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.