Bankwell Financial Group, Inc. (BWFG) To Go Ex-Dividend on August 10th

Bankwell Financial Group, Inc. (NASDAQ:BWFG – Get Free Report) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 10th will be given a dividend of 0.20 per share by the bank on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 10th.

Bankwell Financial Group has increased its dividend payment by an average of 0.1%annually over the last three years. Bankwell Financial Group has a payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bankwell Financial Group to earn $5.90 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 13.6%.

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Bankwell Financial Group Stock Up 0.0%

Shares of BWFG opened at $66.90 on Friday. The company has a market capitalization of $533.19 million, a P/E ratio of 12.50 and a beta of 0.59. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.05. Bankwell Financial Group has a one year low of $39.00 and a one year high of $69.59. The business’s 50 day simple moving average is $59.20 and its 200-day simple moving average is $52.93.

Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. Bankwell Financial Group had a return on equity of 13.94% and a net margin of 19.80%.The firm had revenue of $32.78 million during the quarter, compared to analysts’ expectations of $30.63 million. As a group, sell-side analysts predict that Bankwell Financial Group will post 5.7 EPS for the current fiscal year.

About Bankwell Financial Group

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Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.

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