Northwest Bancshares, Inc. (NWBI) to Issue Quarterly Dividend of $0.20 on November 18th

Northwest Bancshares, Inc. (NASDAQ:NWBIGet Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors 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 yield of 5.94%. The ex-dividend date is Friday, November 8th.

Northwest Bancshares has raised its dividend payment by an average of 1.7% per year over the last three years. Northwest Bancshares has a payout ratio of 78.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research 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 Stock Performance

Shares of NASDAQ:NWBI opened at $13.46 on Thursday. The business’s 50-day moving average is $13.35 and its 200 day moving average is $12.30. Northwest Bancshares has a 1 year low of $10.09 and a 1 year high of $14.55. The firm has a market capitalization of $1.71 billion, a P/E ratio of 16.62 and a beta of 0.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.95 and a quick ratio of 0.95.

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

About Northwest Bancshares

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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.

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Dividend History for Northwest Bancshares (NASDAQ:NWBI)

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