Swedbank AB (publ) (OTCMKTS:SWDBY) to Issue Dividend Increase – $1.98 Per Share

Swedbank AB (publ) (OTCMKTS:SWDBY) announced a dividend on Tuesday, February 4th, NASDAQ Dividends reports. Shareholders of record on Friday, March 28th will be paid a dividend of 1.9773 per share by the financial services provider on Monday, April 14th. The ex-dividend date 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 opened at SEK 26.22 on Wednesday. Swedbank AB has a 12-month low of SEK 18.52 and a 12-month high of SEK 26.56. The company has a market cap of $29.51 billion, a PE ratio of 8.95, a P/E/G ratio of 0.93 and a beta of 0.93. The stock has a 50 day simple moving average of SEK 23.75 and a 200-day simple moving average of SEK 21.45. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63.

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 for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. On average, equities research analysts forecast that Swedbank AB will post 2.34 EPS for the current year.

Wall Street Analysts Forecast Growth

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