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Northwest Bancshares, Inc. (NASDAQ:NWBI) Plans Quarterly Dividend of $0.20

Northwest Bancshares logo with Finance background

Northwest Bancshares, Inc. (NASDAQ:NWBI - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.20 per share by the savings and loans company on Monday, November 18th. This represents a $0.80 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Friday, November 8th.

Northwest Bancshares has raised its dividend by an average of 1.7% annually over the last three years. Northwest Bancshares has a dividend payout ratio of 78.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Northwest Bancshares to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 76.9%.

Northwest Bancshares Price Performance

Shares of NASDAQ NWBI traded up $0.20 during trading on Wednesday, hitting $13.66. The company had a trading volume of 26,087 shares, compared to its average volume of 715,575. Northwest Bancshares has a fifty-two week low of $10.09 and a fifty-two week high of $14.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $13.35 and a two-hundred day simple moving average of $12.29. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.62 and a beta of 0.62.

Northwest Bancshares (NASDAQ:NWBI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The savings and loans company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. Northwest Bancshares had a return on equity of 8.72% and a net margin of 14.28%. The business had revenue of $199.21 million during the quarter, compared to analysts' expectations of $140.80 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, research analysts expect that Northwest Bancshares will post 0.97 earnings per share for the current year.

Northwest Bancshares Company Profile

(Get Free Report)

Northwest Bancshares, Inc operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts.

See Also

Dividend History for Northwest Bancshares (NASDAQ:NWBI)

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