Wintrust Financial Corporation Plans Quarterly Dividend of $0.55 (NASDAQ:WTFC)

Wintrust Financial Corporation (NASDAQ:WTFC) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be given a dividend of 0.55 per share by the bank on Thursday, August 20th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 6th.

Wintrust Financial has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Wintrust Financial has a payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Wintrust Financial to earn $13.79 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 16.0%.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $157.77 on Friday. The firm has a 50-day moving average of $156.16 and a 200-day moving average of $149.43. The company has a market cap of $10.64 billion, a P/E ratio of 12.67 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial has a one year low of $119.61 and a one year high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same period last year, the firm earned $2.78 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that Wintrust Financial will post 13.03 EPS for the current fiscal year.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.