WSFS Financial Co. (NASDAQ:WSFS – Get 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.
About WSFS Financial
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.
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