TFS Financial Co. (NASDAQ:TFSL) Plans Quarterly Dividend of $0.28

TFS Financial Co. (NASDAQ:TFSL) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.2825 per share by the bank on Tuesday, December 17th. This represents a $1.13 annualized dividend and a yield of 7.78%. The ex-dividend date is Tuesday, December 3rd.

TFS Financial has raised its dividend payment by an average of 0.3% per year over the last three years. TFS Financial has a dividend payout ratio of 403.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

TFS Financial Price Performance

Shares of NASDAQ:TFSL opened at $14.52 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $4.08 billion, a PE ratio of 53.78 and a beta of 0.68. TFS Financial has a twelve month low of $11.70 and a twelve month high of $15.25. The company has a 50-day moving average price of $13.25 and a two-hundred day moving average price of $13.10.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $194.94 million during the quarter. TFS Financial had a net margin of 10.49% and a return on equity of 4.20%. During the same quarter in the prior year, the business earned $0.07 EPS.

Insider Activity at TFS Financial

In related news, CEO Marc A. Stefanski sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total value of $256,400.00. Following the sale, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at $476,263. This trade represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Piper Sandler reiterated a “neutral” rating and set a $15.00 target price on shares of TFS Financial in a research report on Friday.

About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.