TFS Financial Corporation (TFSL) To Go Ex-Dividend on December 2nd

TFS Financial Corporation (NASDAQ:TFSL) announced a quarterly dividend on Thursday, November 20th. Shareholders of record on Tuesday, December 2nd will be given a dividend of 0.2825 per share by the bank on Tuesday, December 16th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, December 2nd.

TFS Financial has raised its dividend payment by an average of 0.0%per year over the last three years. TFS Financial has a 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. 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 Trading Up 4.0%

Shares of TFS Financial stock opened at $14.20 on Friday. The firm’s 50 day simple moving average is $13.41 and its two-hundred day simple moving average is $13.27. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 48.97 and a beta of 0.76. TFS Financial has a 12-month low of $11.29 and a 12-month high of $14.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $85.48 million during the quarter, compared to the consensus estimate of $84.36 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. Analysts predict that TFS Financial will post 0.29 EPS for the current year.

TFS Financial Company Profile

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.