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

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

OTCMKTS SWDBY opened at SEK 26.22 on Wednesday. The company’s 50 day simple moving average is SEK 23.75 and its two-hundred day simple moving average is SEK 21.45. The stock has a market capitalization 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 company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. Swedbank AB has a 1 year low of SEK 18.52 and a 1 year high of SEK 26.56.

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%. Analysts predict that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of 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.