Finward Bancorp (FNWD) To Go Ex-Dividend on July 19th

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Wednesday, June 26th, Zacks reports. Investors of record on Friday, July 19th will be given a dividend of 0.12 per share on Thursday, August 1st. This represents a $0.48 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, July 19th.

Finward Bancorp has decreased its dividend by an average of 9.1% per year over the last three years. Finward Bancorp has a payout ratio of 96.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Finward Bancorp to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 96.0%.

Finward Bancorp Price Performance

FNWD stock traded up $0.29 during trading on Friday, reaching $24.47. 7,505 shares of the company were exchanged, compared to its average volume of 4,354. The company has a market cap of $105.47 million, a P/E ratio of 6.80 and a beta of 0.53. Finward Bancorp has a 52-week low of $17.29 and a 52-week high of $26.10. The stock’s 50 day moving average price is $24.50 and its 200 day moving average price is $24.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $2.17 earnings per share (EPS) for the quarter. Finward Bancorp had a net margin of 14.11% and a return on equity of 11.12%. The company had revenue of $25.26 million for the quarter. As a group, analysts predict that Finward Bancorp will post -0.3 earnings per share for the current fiscal year.

About Finward Bancorp

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans.