UBS Group AG (NYSE:UBS) Declares Dividend Increase – $0.23 Per Share

UBS Group AG (NYSE:UBS) announced an annual dividend on Tuesday, February 6th, Zacks reports. Stockholders of record on Thursday, May 2nd will be paid a dividend of 0.228 per share by the bank on Friday, May 3rd. This represents a dividend yield of 0.82%. The ex-dividend date is Wednesday, May 1st. This is a boost from UBS Group’s previous annual dividend of $0.18.

UBS Group has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. UBS Group has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect UBS Group to earn $2.11 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 16.6%.

UBS Group Stock Performance

Shares of UBS stock opened at $27.40 on Tuesday. UBS Group has a 1 year low of $18.71 and a 1 year high of $32.13. The firm has a fifty day moving average price of $29.64 and a 200-day moving average price of $28.35. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, February 6th. The bank reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same period in the previous year, the firm earned $0.50 EPS. The company’s revenue was up 35.2% on a year-over-year basis. As a group, sell-side analysts anticipate that UBS Group will post 0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBS shares. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Citigroup cut shares of UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Finally, BNP Paribas cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.