Wintrust Financial Corporation (WTFC) to Issue Quarterly Dividend of $0.55 on May 28th

Wintrust Financial Corporation (NASDAQ:WTFC) declared a quarterly dividend on Tuesday, April 7th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.55 per share by the bank on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, May 14th.

Wintrust Financial has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Wintrust Financial has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wintrust Financial to earn $13.91 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 15.8%.

Wintrust Financial Trading Down 0.8%

NASDAQ WTFC opened at $150.48 on Tuesday. The company has a market cap of $10.15 billion, a PE ratio of 12.61 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial has a 12 month low of $114.73 and a 12 month high of $162.96. The stock has a 50 day moving average of $142.24 and a 200-day moving average of $141.62.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. During the same quarter in the prior year, the firm posted $2.69 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that Wintrust Financial will post 13.07 EPS for the current fiscal year.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.