Western New England Bancorp (WNEB) to Issue Quarterly Dividend of $0.07 on November 26th

Western New England Bancorp (NASDAQ:WNEB) announced a quarterly dividend on Tuesday, October 28th. Stockholders of record on Wednesday, November 12th will be given a dividend of 0.07 per share by the financial services provider on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 12th.

Western New England Bancorp has raised its dividend by an average of 0.1%per year over the last three years. Western New England Bancorp has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Western New England Bancorp to earn $0.76 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 36.8%.

Western New England Bancorp Price Performance

NASDAQ:WNEB opened at $11.76 on Monday. The firm’s fifty day moving average is $11.78 and its two-hundred day moving average is $10.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $240.99 million, a price-to-earnings ratio of 17.82 and a beta of 0.89. Western New England Bancorp has a one year low of $7.63 and a one year high of $12.80.

Western New England Bancorp (NASDAQ:WNEB) last released its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $18.06 million during the quarter, compared to analysts’ expectations of $17.99 million. Western New England Bancorp had a net margin of 10.33% and a return on equity of 5.62%. Research analysts expect that Western New England Bancorp will post 0.6 EPS for the current year.

Western New England Bancorp Company Profile

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.