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

TFS Financial Corporation (NASDAQ:TFSL) announced 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) dividend on an annualized basis 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 raised its dividend by an average of 0.0%per year over the last three years. TFS Financial has a dividend payout ratio of 353.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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%.

TFS Financial Stock Performance

NASDAQ:TFSL opened at $17.91 on Friday. The firm has a 50 day simple moving average of $17.76 and a 200-day simple moving average of $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. The firm has a market cap of $5.02 billion, a PE ratio of 49.75 and a beta of 0.70. TFS Financial has a 1-year low of $12.53 and a 1-year high of $19.49.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $89.27 million for the quarter, compared to the consensus estimate of $87.05 million. TFS Financial had a net margin of 12.36% and a return on equity of 5.32%. On average, equities analysts expect that TFS Financial will post 0.36 EPS for the current year.

TFS Financial Company Profile

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.