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

TFS Financial Co. (NASDAQ:TFSL) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Tuesday, December 3rd will be paid 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 7.99%. The ex-dividend date is Tuesday, December 3rd.

TFS Financial has increased its dividend by an average of 0.3% annually over the last three years. TFS Financial has a dividend payout ratio of 418.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect TFS Financial to earn $0.31 per share next year, which means the company may not be able to cover its $1.13 annual dividend with an expected future payout ratio of 364.5%.

TFS Financial Stock Down 0.2 %

TFSL stock opened at $14.14 on Monday. The firm has a market cap of $3.97 billion, a PE ratio of 52.37 and a beta of 0.68. TFS Financial has a 12 month low of $11.70 and a 12 month high of $15.25. The firm has a 50 day simple moving average of $13.35 and a 200 day simple moving average of $13.14. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.55.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. TFS Financial had a return on equity of 4.22% and a net margin of 10.49%. The business had revenue of $194.94 million during the quarter. During the same quarter last year, the business earned $0.07 EPS. Equities research analysts forecast that TFS Financial will post 0.26 earnings per share for the current fiscal year.

Insider Activity at TFS Financial

In other news, CEO Marc A. Stefanski sold 20,000 shares of TFS Financial 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 completion of the sale, the chief executive officer now directly owns 37,150 shares in the company, valued at $476,263. The trade was a 35.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reiterated a “neutral” rating and set a $15.00 price target on shares of TFS Financial in a report on Friday, November 22nd.

About TFS Financial

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.