Wintrust Financial Corporation (NASDAQ:WTFC) Shareholders to Get $0.55 Quarterly Dividend

Wintrust Financial Corporation (NASDAQ:WTFC) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.55 per share by the bank on Thursday, November 19th. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, November 5th.

Wintrust Financial has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Wintrust Financial has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wintrust Financial to earn $14.04 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 15.7%.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $149.75 on Friday. The company has a 50-day moving average price of $148.69 and a 200-day moving average price of $152.42. Wintrust Financial has a 52 week low of $122.00 and a 52 week high of $167.21. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $10.10 billion, a P/E ratio of 11.48, a PEG ratio of 1.16 and a beta of 0.89.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 19th. The bank reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.06. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The company had revenue of $757.88 million for the quarter, compared to the consensus estimate of $754.54 million. During the same quarter last year, the firm posted $3.06 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Wintrust Financial will post 13.24 earnings per share for the current year.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.