TFS Financial Co. Announces Quarterly Dividend of $0.28 (NASDAQ:TFSL)

TFS Financial Co. (NASDAQ:TFSL) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Tuesday, December 3rd will be given a dividend of 0.2825 per share by the bank on Tuesday, December 17th. This represents a $1.13 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date is Tuesday, December 3rd.

TFS Financial has raised its dividend by an average of 0.3% per year over the last three years. TFS Financial has a dividend payout ratio of 403.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

TFS Financial Price Performance

Shares of NASDAQ:TFSL traded up $0.14 during midday trading on Friday, hitting $14.52. The company had a trading volume of 243,484 shares, compared to its average volume of 266,453. The business’s 50-day simple moving average is $13.22 and its 200-day simple moving average is $13.09. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 53.22 and a beta of 0.68. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. TFS Financial has a twelve month low of $11.70 and a twelve month high of $15.25.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. TFS Financial had a net margin of 10.49% and a return on equity of 4.20%. The firm had revenue of $194.94 million for the quarter. During the same period in the previous year, the firm posted $0.07 EPS.

Insider Activity

In other TFS Financial news, CEO Marc A. Stefanski sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total transaction of $256,400.00. Following the transaction, the chief executive officer now owns 37,150 shares of the company’s stock, valued at approximately $476,263. This trade represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.13% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued a “neutral” rating and issued a $15.00 price target on shares of TFS Financial in a research note on Friday.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.