Deutsche Bank Aktiengesellschaft (DB) To Go Ex-Dividend on June 1st

Deutsche Bank Aktiengesellschaft (NYSE:DB) announced an annual dividend on Tuesday, February 3rd. Shareholders of record on Monday, June 1st will be given a dividend of 1.00 per share by the bank on Tuesday, June 2nd. This represents a yield of 251.0%. The ex-dividend date is Monday, June 1st. This is a 95.2% increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

Deutsche Bank Aktiengesellschaft has a dividend payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Deutsche Bank Aktiengesellschaft to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 6.8%.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $37.87 on Thursday. The stock’s 50-day moving average price is $38.31 and its 200-day moving average price is $36.31. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. Deutsche Bank Aktiengesellschaft has a 12-month low of $18.73 and a 12-month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. The company had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $7.71 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%. Sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $27,000. Salomon & Ludwin LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after purchasing an additional 758 shares during the period. Triumph Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC grew its stake in Deutsche Bank Aktiengesellschaft by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock worth $38,000 after purchasing an additional 413 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.