TFS Financial Corporation (TFSL) To Go Ex-Dividend on September 9th

TFS Financial Corporation (NASDAQ:TFSL) declared a quarterly dividend on Thursday, August 27th. Investors 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 yield of 7.2%. 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 396.9% 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 $1.27 annual dividend with an expected future payout ratio of 317.5%.

TFS Financial Price Performance

Shares of TFS Financial stock opened at $17.57 on Monday. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 48.81 and a beta of 0.69. TFS Financial has a 52 week low of $12.53 and a 52 week high of $19.49. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 2.97. The stock’s 50-day simple moving average is $17.82 and its 200-day simple moving average is $16.01.

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