TFS Financial Corporation (NASDAQ:TFSL) Declares $0.28 Quarterly Dividend

TFS Financial Corporation (NASDAQ:TFSL) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Wednesday, March 11th will be paid a dividend of 0.2825 per share by the bank on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Wednesday, March 11th.

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. 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 2.6%

Shares of NASDAQ TFSL traded down $0.38 during midday trading on Friday, reaching $14.06. 128,439 shares of the company’s stock were exchanged, compared to its average volume of 704,928. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.55 and a current ratio of 1.55. TFS Financial has a 52-week low of $11.29 and a 52-week high of $15.42. The business’s fifty day moving average price is $14.29 and its two-hundred day moving average price is $13.83. The stock has a market capitalization of $3.94 billion, a PE ratio of 43.93 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). TFS Financial had a net margin of 11.29% and a return on equity of 4.79%. The business had revenue of $83.73 million for the quarter, compared to analyst estimates of $84.97 million. Analysts forecast that TFS Financial will post 0.29 EPS for the current year.

About TFS Financial

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.