Willis Towers Watson PLC (NASDAQ:WLTW) declared a quarterly dividend on Thursday, May 21st, Wall Street Journal reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.68 per share by the financial services provider on Wednesday, July 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, June 29th.
Willis Towers Watson has raised its dividend by an average of 8.7% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Willis Towers Watson has a payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Willis Towers Watson to earn $11.92 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 22.8%.
Shares of WLTW opened at $200.16 on Friday. Willis Towers Watson has a 12 month low of $143.34 and a 12 month high of $220.97. The firm’s 50 day moving average is $186.78 and its 200-day moving average is $193.84. The stock has a market capitalization of $25.77 billion, a PE ratio of 17.67 and a beta of 0.76. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.59.
WLTW has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of Willis Towers Watson from $219.00 to $239.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Deutsche Bank raised their target price on shares of Willis Towers Watson from $189.00 to $195.00 and gave the stock a “hold” rating in a report on Tuesday, March 17th. MKM Partners cut shares of Willis Towers Watson from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $250.00 to $185.00 in a research note on Friday, May 1st. Citigroup lifted their price objective on shares of Willis Towers Watson from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, UBS Group decreased their price objective on shares of Willis Towers Watson from $218.00 to $212.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $214.57.
About Willis Towers Watson
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.
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