TFS Financial Co. Announces Quarterly Dividend of $0.28 (NASDAQ:TFSL)

TFS Financial Co. (NASDAQ:TFSL) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Thursday, March 6th will be given a dividend of 0.2825 per share by the bank on Thursday, March 20th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date is Thursday, March 6th.

TFS Financial has increased its dividend payment by an average of 0.2% per year over the last three years. TFS Financial has a payout ratio of 364.5% meaning 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 $0.31 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 364.5%.

TFS Financial Stock Down 0.7 %

TFS Financial stock opened at $13.32 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. TFS Financial has a 1-year low of $11.70 and a 1-year high of $14.99. The company has a market cap of $3.74 billion, a PE ratio of 47.57 and a beta of 0.72. The stock’s 50 day moving average price is $12.94 and its 200 day moving average price is $13.18.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. On average, sell-side analysts predict that TFS Financial will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued a “neutral” rating and issued a $15.00 price target on shares of TFS Financial in a report on Friday, November 22nd.

Insider Buying and Selling at TFS Financial

In related news, insider Cathy W. Zbanek sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $13.72, for a total value of $274,400.00. Following the transaction, the insider now owns 88,197 shares in the company, valued at approximately $1,210,062.84. The trade was a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.95% of the stock is owned by company insiders.

About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.