TFS Financial Co. (NASDAQ:TFSL) announced a quarterly dividend on Friday, February 22nd, Wall Street Journal reports. Investors of record on Tuesday, March 5th will be paid a dividend of 0.25 per share by the bank on Tuesday, March 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, March 4th.
TFS Financial has raised its dividend payment by an average of 35.2% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. TFS Financial has a payout ratio of 312.5% 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 $0.32 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 312.5%.
Shares of TFS Financial stock opened at $16.60 on Thursday. The stock has a market cap of $4.67 billion, a P/E ratio of 51.88 and a beta of 0.22. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 2.14. TFS Financial has a 12-month low of $14.19 and a 12-month high of $17.44.
TFS Financial (NASDAQ:TFSL) last announced its earnings results on Wednesday, January 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $72.49 million for the quarter, compared to analyst estimates of $74.70 million. TFS Financial had a return on equity of 4.94% and a net margin of 18.11%. As a group, equities research analysts forecast that TFS Financial will post 0.32 EPS for the current fiscal year.
Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of TFS Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 8th. ValuEngine upgraded shares of TFS Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Zacks Investment Research cut shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th.
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TFS Financial Company Profile
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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.
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