TFS Financial Co. (TFSL) To Go Ex-Dividend on December 3rd

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 paid a dividend of 0.2825 per share by the bank on Tuesday, December 17th. This represents a $1.13 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend is Tuesday, December 3rd.

TFS Financial has increased its dividend by an average of 0.3% annually over the last three years. TFS Financial has a 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 Stock Performance

Shares of NASDAQ:TFSL opened at $14.52 on Friday. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 53.78 and a beta of 0.68. TFS Financial has a 52 week low of $11.70 and a 52 week high of $15.25. 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 50 day moving average of $13.25 and a 200 day moving average of $13.10.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The company 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 period last year, the firm earned $0.07 EPS.

Insider Transactions at TFS Financial

In other news, CEO Marc A. Stefanski sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction 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. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.13% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $15.00 price target 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.