Finward Bancorp (NASDAQ:FNWD) Declares Quarterly Dividend of $0.12

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Wednesday, June 3rd. Shareholders of record on Wednesday, June 17th will be paid a dividend of 0.12 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, June 17th.

Finward Bancorp has decreased its dividend by an average of 0.2%annually over the last three years. Finward Bancorp has a dividend payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings.

Finward Bancorp Trading Down 1.5%

FNWD opened at $32.13 on Thursday. The firm has a market cap of $139.10 million, a price-to-earnings ratio of 14.03 and a beta of 0.20. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. Finward Bancorp has a 12 month low of $26.46 and a 12 month high of $39.99. The stock has a fifty day moving average price of $33.62 and a 200-day moving average price of $35.79.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Finward Bancorp had a return on equity of 5.92% and a net margin of 9.72%.The company had revenue of $17.49 million during the quarter, compared to the consensus estimate of $18.45 million.

About Finward Bancorp

Finward Bancorp (NASDAQ: FNWD) is the bank holding company for Finward Bank, a community-focused financial institution serving businesses and individuals across Pennsylvania and Delaware. Through a network of full-service branches and a robust digital banking platform, Finward Bank delivers a range of personal and commercial banking solutions designed to meet the needs of local customers.

The company’s core offerings include deposit products such as checking accounts, savings accounts and time deposits, as well as a variety of lending solutions.