Wintrust Financial Corporation (WTFC) to Issue Quarterly Dividend of $0.55 on November 19th

Wintrust Financial Corporation (NASDAQ:WTFC) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be given a dividend of $0.55 per share by the bank on Thursday, November 19th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 5th.

Wintrust Financial has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 12 years. Wintrust Financial has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Wintrust Financial to earn $14.08 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 15.6%.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $150.77 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.98 and a quick ratio of 0.97. The business has a 50-day moving average of $148.46 and a 200-day moving average of $152.41. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.18 and a beta of 0.89. Wintrust Financial has a fifty-two week low of $122.00 and a fifty-two week high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 19th. The bank reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.06. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The business had revenue of $757.88 million for the quarter, compared to analyst estimates of $754.54 million. During the same quarter in the prior year, the company posted $3.06 earnings per share. Wintrust Financial’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Wintrust Financial will post 13.27 earnings per share for the current fiscal year.

Wintrust Financial Company Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.