Walker & Dunlop, Inc. (NYSE:WD) Shareholders to Get $0.68 Quarterly Dividend

Walker & Dunlop, Inc. (NYSE:WD) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Friday, November 20th will be given a dividend of $0.68 per share by the financial services provider on Friday, December 4th. This represents a $2.72 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, November 20th.

Walker & Dunlop has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 7 years. Walker & Dunlop has a payout ratio of 61.5% meaning its dividend is sufficiently covered by earnings.

Walker & Dunlop Price Performance

WD opened at $39.84 on Friday. The company has a market capitalization of $1.37 billion, a P/E ratio of 35.57 and a beta of 1.48. Walker & Dunlop has a fifty-two week low of $31.40 and a fifty-two week high of $75.50. The firm’s fifty day moving average price is $36.68 and its two-hundred day moving average price is $47.50.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.06). Walker & Dunlop had a return on equity of 7.25% and a net margin of 2.94%. The firm had revenue of $298.45 million for the quarter, compared to analyst estimates of $310.93 million. During the same period in the previous year, the business posted $1.22 EPS. The business’s quarterly revenue was down 11.6% on a year-over-year basis.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a commercial real estate finance and advisory firm serving property owners, investors and developers across the United States. The company provides financing, investment sales, valuation, research and advisory services for a broad range of commercial real estate assets, including multifamily, office, industrial, retail, hospitality and senior housing properties.

Its financing business arranges debt and equity solutions through relationships with banks, life insurance companies, government-sponsored enterprises and other capital providers.