Walker & Dunlop, Inc. (WD) to Issue Quarterly Dividend of $0.68 on March 27th

Walker & Dunlop, Inc. (NYSE:WD) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Friday, March 13th will be given a dividend of 0.68 per share by the financial services provider on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Friday, March 13th. This is a 1.5% increase from Walker & Dunlop’s previous quarterly dividend of $0.67.

Walker & Dunlop has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Walker & Dunlop has a dividend payout ratio of 60.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Walker & Dunlop to earn $5.29 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 50.7%.

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock opened at $47.51 on Friday. The firm’s fifty day simple moving average is $62.23 and its 200-day simple moving average is $72.00. Walker & Dunlop has a 12 month low of $46.53 and a 12 month high of $90.00. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 14.10 and a beta of 1.55.

About Walker & Dunlop

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.