SmarterDividends
RBSPF

NatWest Group (RBSPF) Dividend

NatWest Group plc · Financial Services · Banks - Regional · semiannual payer

$7.73

Undervalued · +50% Add to Portfolio

As of Nov 8, 2026, NatWest Group (RBSPF) pays a twice-yearly dividend, or $0.47 a year, a 6.10% yield at its $7.73 share price. It pays twice a year, usually in April and September. It has raised its dividend 4 years in a row and has a dividend safety grade of C.

Forward Yield

6.10%

Annual Dividend

$0.47

Payout Ratio

47%

5-Yr Growth

9.9%

Ex-Date

Aug 13, 2026

Frequency

Semiannual

Key facts about RBSPF's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, NatWest Group plc (RBSPF) has a forward dividend yield of 6.10%, based on an annual dividend of $0.47 per share and a share price of $7.73.
  • As of Nov 8, 2026, RBSPF's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, NatWest Group plc (RBSPF) has raised its dividend for 4 consecutive years as of Nov 8, 2026.
  • RBSPF last cut its regular dividend in 2021.
  • RBSPF's most recent ex-dividend date was Aug 13, 2026, for a dividend of $0.16 per share.
  • As of Nov 8, 2026, RBSPF pays out 47% of its trailing 12-month earnings as dividends (its payout ratio).
  • RBSPF's dividend has grown at an average rate of 9.9% a year over the past five years.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for RBSPF is $11.57 per share, 50% above the $7.73 share price, so RBSPF screens as undervalued.
  • NatWest Group plc (RBSPF) pays its dividend semiannual, 2 times a year.
Cite this page

SmarterDividends, "RBSPF Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/RBSPF

Is RBSPF a good dividend stock?

Yes, with caveats

NatWest Group plc (RBSPF) pays a semiannual dividend yielding 6.10% ($0.47/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (47%)
  • Strong 9.9% 5-yr dividend growth
  • 160% total price return over 5 years

Risks

  • Cut its dividend in 2021

Key Data

Dividend Yield
6.10%
Payout Ratio
47%
Annual Dividend
$0.47
5-Yr Avg Growth
9.9%
Ex-Dividend Date
Aug 13, 2026
Years of Growth
4
Frequency
semiannual
Beta
0.84
Market Cap
$61.0B
P/E Ratio
7.8
5-Yr Total Return
160%
52-Week Range
$6.76 – $9.80
Dividend Safety
C · 58/100
Ever Cut?
Yes (2021)

RBSPF dividend changes

NatWest Group plc (RBSPF) pays a variable dividend: across the 17 payments on record since 2018, 10 were higher than the one before and 5 lower. The latest change was up 27.6% to $0.162 per share, going ex-dividend on Aug 13, 2026.

Ex-dateChangeOld → newMove
Aug 13, 2026Higher$0.127 → $0.162+27.6%
Mar 19, 2026Higher$0.201 → $0.305+51.7%
Aug 7, 2025Higher$0.0760 → $0.127+67.1%
Mar 13, 2025Higher$0.147 → $0.201+36.7%
Aug 8, 2024Higher$0.0700 → $0.0760+8.6%
Mar 14, 2024Higher$0.121 → $0.147+21.5%
Aug 10, 2023Lower$0.212 → $0.0700−67.0%
Mar 16, 2023Higher$0.0442 → $0.121+173.9%
Aug 30, 2022Higher$0.107 → $0.212+98.7%
Aug 25, 2022Lower$0.0453 → $0.0442−2.4%
Mar 17, 2022Higher$0.0442 → $0.107+141.5%
Aug 12, 2021Lower$0.102 → $0.0453−55.8%
Every RBSPF payment →Download every raise and cut (CSV)
RBSPF ex-dividend date & scheduleNext ex-date Aug 13, 2026 · full ex-dividend historyView →RBSPF dividend historyEvery payment, totals by year, raises and cutsView →RBSPF dividend calculator100 shares pay $47.00 a year, $23.50 every six monthsCalculate →RBSPF total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is RBSPF a good dividend stock?

Yes, with caveats. NatWest Group plc (RBSPF) pays a semiannual dividend yielding 6.10% ($0.47/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is RBSPF undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, RBSPF's fair value is about $11.57 versus a $7.73 share price — so it looks undervalued (+50% vs. fair value).

Is RBSPF's dividend safe?

RBSPF has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is RBSPF's fair value?

Our blended fair-value estimate for RBSPF is about $11.57 per share, roughly 50% above the current $7.73 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is RBSPF a buy, hold, or sell?

We don't issue formal ratings, but on the data RBSPF screens as "yes, with caveats" and undervalued. NatWest Group plc (RBSPF) pays a semiannual dividend yielding 6.10% ($0.47/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will RBSPF cut its dividend?

RBSPF earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does RBSPF pay a dividend?

Yes. NatWest Group plc pays a semiannual dividend of about $0.47 per share annually, a forward yield of roughly 6.10%.

How much dividend does 100 shares of RBSPF pay?

At $0.47 per share a year, 100 shares of RBSPF pay $47.00 a year in dividends before tax, about $23.50 every six months. Buying them costs about $773 at the Nov 8, 2026 price.

What is RBSPF's dividend yield?

As of Nov 8, 2026, RBSPF's forward dividend yield is 6.10%, based on a $0.47 annual dividend and a $7.73 share price.

What is RBSPF's dividend per share?

As of Nov 8, 2026, RBSPF pays $0.47 per share per year, distributed on a semiannual basis.

What is RBSPF's dividend payout ratio?

As of Nov 8, 2026, RBSPF's payout ratio is 47% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has RBSPF grown its dividend?

As of Nov 8, 2026, RBSPF has increased its dividend for 4 consecutive years.

When is the next RBSPF ex-dividend date?

As of Nov 8, 2026, RBSPF's next ex-dividend date hasn't been announced. The most recent was Aug 13, 2026, for $0.16 per share.

Income Calculator

At $0.47 / yr per share

Per payment (semiannual)$23.50
Annual$47.00
Monthly avg$3.92
Full RBSPF dividend calculator →

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