Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) Plans $0.50 Quarterly Dividend

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTBGet Free Report) declared a quarterly dividend on Monday, July 27th. Investors of record on Wednesday, August 12th will be given a dividend of 0.50 per share by the bank on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 12th.

Bank of N.T. Butterfield & Son has raised its dividend payment by an average of 0.0%annually over the last three years. Bank of N.T. Butterfield & Son has a dividend payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bank of N.T. Butterfield & Son to earn $7.00 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 28.6%.

Bank of N.T. Butterfield & Son Stock Performance

NYSE:NTB opened at $60.58 on Tuesday. The stock has a 50-day simple moving average of $58.86 and a two-hundred day simple moving average of $54.95. The firm has a market capitalization of $2.54 billion, a PE ratio of 10.48 and a beta of 0.51. Bank of N.T. Butterfield & Son has a 52-week low of $40.59 and a 52-week high of $62.46.

Bank of N.T. Butterfield & Son (NYSE:NTBGet Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $1.58 EPS for the quarter. Bank of N.T. Butterfield & Son had a return on equity of 21.92% and a net margin of 30.22%.The firm had revenue of $159.00 million for the quarter. Equities analysts forecast that Bank of N.T. Butterfield & Son will post 6.1 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Company Profile

(Get Free Report)

Bank of N.T. Butterfield & Son Limited, commonly known as Butterfield, is a Bermuda-based provider of banking and wealth management services. Founded in 1858, the firm has grown from a local colonial bank into an international financial institution. With a focus on personalized client service, Butterfield offers a comprehensive suite of banking and fiduciary solutions to private individuals, families, and corporate clients.

The bank’s core activities include private banking, retail and commercial lending, trust and corporate administration, and fund services.

Further Reading

Dividend History for Bank of N.T. Butterfield & Son (NYSE:NTB)

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