Deutsche Bank Aktiengesellschaft (NYSE:DB) Plans Annual Dividend of $0.51

Deutsche Bank Aktiengesellschaft (NYSE:DB) declared an annual dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Monday, May 26th will be paid a dividend of 0.5122 per share by the bank on Tuesday, May 27th. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, May 23rd. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33.

Deutsche Bank Aktiengesellschaft has a payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Deutsche Bank Aktiengesellschaft to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.49 annual dividend with an expected future payout ratio of 15.2%.

Deutsche Bank Aktiengesellschaft Stock Down 3.5 %

Shares of NYSE DB traded down $0.69 during midday trading on Monday, reaching $18.85. 2,160,106 shares of the company’s stock were exchanged, compared to its average volume of 1,859,175. The stock has a market capitalization of $37.54 billion, a PE ratio of 13.56 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a 52-week low of $12.43 and a 52-week high of $20.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The business’s fifty day moving average price is $17.90 and its two-hundred day moving average price is $16.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.01 EPS for the current year.

Analysts Set New Price Targets

DB has been the topic of several recent research reports. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.