Walker & Dunlop, Inc. (NYSE:WD – Get Free Report) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Investors of record on Thursday, August 22nd will be given a dividend of 0.65 per share by the financial services provider on Friday, September 6th. This represents a $2.60 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, August 22nd.
Walker & Dunlop has increased its dividend by an average of 20.5% per year over the last three years. Walker & Dunlop has a dividend payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Walker & Dunlop to earn $5.20 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 50.0%.
Walker & Dunlop Price Performance
Shares of NYSE WD opened at $103.84 on Tuesday. The company has a 50-day moving average price of $100.24 and a 200-day moving average price of $96.71. The stock has a market capitalization of $3.50 billion, a P/E ratio of 37.90 and a beta of 1.55. Walker & Dunlop has a 1 year low of $62.51 and a 1 year high of $113.67.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on WD. StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Wedbush raised their target price on Walker & Dunlop from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th.
Check Out Our Latest Stock Report on Walker & Dunlop
Walker & Dunlop Company Profile
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.
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