WSFS Financial Co. Announces Quarterly Dividend of $0.15 (NASDAQ:WSFS)

WSFS Financial Co. (NASDAQ:WSFSGet Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.15 per share by the bank on Friday, May 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, May 9th.

WSFS Financial has increased its dividend by an average of 7.7% per year over the last three years. WSFS Financial has a payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WSFS Financial to earn $4.36 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 13.8%.

WSFS Financial Stock Down 1.0 %

Shares of NASDAQ WSFS opened at $45.81 on Wednesday. WSFS Financial has a 12-month low of $29.59 and a 12-month high of $47.97. The stock’s fifty day simple moving average is $43.43 and its two-hundred day simple moving average is $42.44. The stock has a market capitalization of $2.75 billion, a PE ratio of 10.23 and a beta of 1.02. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46.

WSFS Financial (NASDAQ:WSFSGet Free Report) last posted its earnings results on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. WSFS Financial had a return on equity of 11.94% and a net margin of 20.73%. The company had revenue of $251.10 million for the quarter, compared to analyst estimates of $247.57 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, analysts expect that WSFS Financial will post 4.25 EPS for the current fiscal year.

About WSFS Financial

(Get Free Report)

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.

Further Reading

Dividend History for WSFS Financial (NASDAQ:WSFS)

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