Bankwell Financial Group, Inc. (NASDAQ:BWFG) Announces Quarterly Dividend of $0.20

Bankwell Financial Group, Inc. (NASDAQ:BWFGGet Free Report) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 10th will be given a dividend of 0.20 per share by the bank on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, August 10th.

Bankwell Financial Group has increased its dividend payment by an average of 0.1%per year over the last three years. Bankwell Financial Group has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Bankwell Financial Group to earn $5.60 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 14.3%.

Bankwell Financial Group Stock Up 1.8%

Shares of Bankwell Financial Group stock opened at $60.57 on Friday. The company has a market capitalization of $482.74 million, a P/E ratio of 12.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average of $55.97 and a two-hundred day moving average of $51.45. Bankwell Financial Group has a 1 year low of $36.22 and a 1 year high of $61.86.

Bankwell Financial Group (NASDAQ:BWFGGet Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. Bankwell Financial Group had a return on equity of 13.31% and a net margin of 18.71%.The business had revenue of $32.78 million during the quarter, compared to analyst estimates of $30.63 million. As a group, equities analysts predict that Bankwell Financial Group will post 5.35 EPS for the current year.

Bankwell Financial Group Company Profile

(Get Free Report)

Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.

Further Reading

Dividend History for Bankwell Financial Group (NASDAQ:BWFG)

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