Finward Bancorp (NASDAQ:FNWD) to Issue $0.12 Quarterly Dividend

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Friday, September 4th. Shareholders of record on Friday, September 18th will be paid a dividend of 0.12 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 18th.

Finward Bancorp has decreased its dividend by an average of 0.2%annually over the last three years. Finward Bancorp has a payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Finward Bancorp to earn $3.13 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 15.3%.

Finward Bancorp Price Performance

Shares of FNWD stock opened at $43.54 on Wednesday. Finward Bancorp has a twelve month low of $30.05 and a twelve month high of $45.90. The stock has a market capitalization of $188.53 million, a price-to-earnings ratio of 19.18 and a beta of 0.16. The stock has a fifty day simple moving average of $42.44 and a two-hundred day simple moving average of $37.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.14). The firm had revenue of $17.58 million for the quarter, compared to analysts’ expectations of $18.90 million. Finward Bancorp had a net margin of 9.65% and a return on equity of 5.68%. On average, analysts predict that Finward Bancorp will post 2.63 EPS for the current fiscal year.

About Finward Bancorp

Finward Bancorp is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

Peoples Bank offers a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing, business loans and lines of credit. The bank also provides treasury management, online and mobile banking, and other services designed to support personal and business financial needs.

The company serves customers in Northwest Indiana and the greater Chicago metropolitan area, including communities in northeastern Illinois.