Wintrust Financial Corporation (NASDAQ:WTFC) Shareholders to Receive $0.55 Quarterly Dividend

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

Wintrust Financial has raised its dividend by an average of 0.1% annually over the last three years and has increased 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. Analysts expect Wintrust Financial to earn $14.04 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 15.7%.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $149.75 on Friday. The firm’s 50 day simple moving average is $148.69 and its 200 day simple moving average is $152.42. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $10.10 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89. Wintrust Financial has a 1-year low of $122.00 and a 1-year high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.06. The firm had revenue of $757.88 million for the quarter, compared to analysts’ expectations of $754.54 million. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.06 EPS. As a group, analysts expect that Wintrust Financial will post 13.24 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.