TFS Financial Corporation (NASDAQ:TFSL) to Issue Dividend Increase – $0.32 Per Share

TFS Financial Corporation (NASDAQ:TFSL – Get Free Report) declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Wednesday, September 9th will be paid a dividend of 0.3175 per share by the bank on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a 12.4% increase from TFS Financial’s previous quarterly dividend of $0.28.

TFS Financial has increased its dividend payment by an average of 0.0%annually 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 $0.40 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 282.5%.

Get TFS Financial alerts:

TFS Financial Stock Down 0.1%

Shares of TFSL opened at $17.91 on Friday. The company has a market capitalization of $5.02 billion, a P/E ratio of 49.75 and a beta of 0.70. TFS Financial has a one year low of $12.53 and a one year high of $19.49. The business’s 50 day simple moving average is $17.76 and its 200-day simple moving average is $15.90. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66.

TFS Financial (NASDAQ:TFSL – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. TFS Financial had a return on equity of 5.32% and a net margin of 12.36%.The firm had revenue of $89.27 million during the quarter, compared to analysts’ expectations of $87.05 million. As a group, sell-side analysts predict that TFS Financial will post 0.36 EPS for the current fiscal year.

About TFS Financial

(Get Free Report)

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.

Further Reading

• Five stocks we like better than TFS Financial
• 3 Stocks Facing New Pressure From Section 338 Tariffs on Canadian Goods
• Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
• SEC Probe Puts Wall Street Leverage Risk Back in Focus
• A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole

Receive News & Ratings for TFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.