TFS Financial Corporation (NASDAQ:TFSL) Declares Quarterly Dividend of $0.28

TFS Financial Corporation (NASDAQ:TFSL – Get Free Report) announced a quarterly dividend on Thursday, May 28th. Investors of record on Wednesday, June 10th will be given a dividend of 0.2825 per share by the bank on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Wednesday, June 10th.

TFS Financial has increased its dividend payment by an average of 0.0%per year over the last three years. TFS Financial has a dividend payout ratio of 353.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect TFS Financial to earn $0.38 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 297.4%.

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TFS Financial Stock Down 0.4%

TFSL stock opened at $15.82 on Friday. TFS Financial has a twelve month low of $12.53 and a twelve month high of $16.20. The company has a market cap of $4.44 billion, a PE ratio of 47.94 and a beta of 0.70. The business’s 50-day simple moving average is $14.74 and its 200 day simple moving average is $14.34. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.67.

TFS Financial (NASDAQ:TFSL – Get Free Report) last released its earnings results on Thursday, April 30th. The bank reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $85.24 million for the quarter, compared to the consensus estimate of $84.70 million. TFS Financial had a return on equity of 4.89% and a net margin of 11.42%. On average, research analysts anticipate that TFS Financial will post 0.34 earnings per share for the current year.

TFS Financial Company Profile

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TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.

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