TFS Financial Corporation (NASDAQ:TFSL) to Issue Quarterly Dividend of $0.28

TFS Financial Corporation (NASDAQ:TFSL) declared a quarterly dividend on Thursday, February 26th. Investors of record on Wednesday, March 11th will be given a dividend of 0.2825 per share by the bank on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Wednesday, March 11th.

TFS Financial has increased its dividend by an average of 0.0%annually over the last three years. TFS Financial has a payout ratio of 353.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect TFS Financial to earn $0.31 per share next year, which means the company may not be able to cover its $1.13 annual dividend with an expected future payout ratio of 364.5%.

TFS Financial Trading Down 2.6%

NASDAQ TFSL traded down $0.38 on Friday, hitting $14.06. 128,439 shares of the stock were exchanged, compared to its average volume of 704,928. The company’s 50-day moving average price is $14.29 and its two-hundred day moving average price is $13.83. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.55 and a quick ratio of 1.55. TFS Financial has a 52-week low of $11.29 and a 52-week high of $15.42. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 43.93 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Thursday, January 29th. The bank reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). TFS Financial had a return on equity of 4.79% and a net margin of 11.29%.The business had revenue of $83.73 million during the quarter, compared to analyst estimates of $84.97 million. Research analysts predict that TFS Financial will post 0.29 EPS for the current year.

About TFS Financial

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.