Walker & Dunlop, Inc. (NYSE:WD) to Issue Quarterly Dividend of $0.68

Walker & Dunlop, Inc. (NYSE:WD) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.68 per share by the financial services provider on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Thursday, August 20th.

Walker & Dunlop has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 7 years. Walker & Dunlop has a dividend payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings.

Walker & Dunlop Stock Down 13.9%

Shares of Walker & Dunlop stock traded down $7.15 during mid-day trading on Thursday, reaching $44.24. 1,582,016 shares of the stock traded hands, compared to its average volume of 331,039. The stock has a market capitalization of $1.52 billion, a PE ratio of 21.90 and a beta of 1.49. The business has a 50-day moving average of $51.02 and a 200 day moving average of $52.34. Walker & Dunlop has a fifty-two week low of $41.38 and a fifty-two week high of $90.00.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.90 by $0.29. Walker & Dunlop had a return on equity of 7.18% and a net margin of 5.29%.The firm had revenue of $306.69 million during the quarter, compared to analysts’ expectations of $337.37 million. During the same period in the previous year, the business earned $1.15 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis.

About Walker & Dunlop

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.