Barclays PLC (BCS) To Go Ex-Dividend on August 7th

Barclays PLC (NYSE:BCS) declared a dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be given a dividend of 0.3134 per share by the financial services provider on Tuesday, September 15th. This represents a yield of 233.0%. The ex-dividend date is Friday, August 7th.

Barclays has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Barclays to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 17.4%.

Barclays Trading Up 0.6%

NYSE:BCS opened at $28.00 on Wednesday. The firm has a 50-day simple moving average of $26.60 and a 200-day simple moving average of $24.77. Barclays has a one year low of $19.15 and a one year high of $28.67. The firm has a market cap of $95.46 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.49 and a beta of 1.00. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $10.95 billion for the quarter, compared to analyst estimates of $10.78 billion. Barclays had a net margin of 22.27% and a return on equity of 8.80%. Equities analysts anticipate that Barclays will post 2.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BCS shares. Weiss Ratings raised shares of Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Finally, Berenberg Bank assumed coverage on Barclays in a report on Wednesday, June 24th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.