WSFS Financial Corporation (WSFS) To Go Ex-Dividend on May 8th

WSFS Financial Corporation (NASDAQ:WSFS) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 8th will be paid a dividend of 0.20 per share by the bank on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 8th. This is a 17.6% increase from WSFS Financial’s previous quarterly dividend of $0.17.

WSFS Financial has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. WSFS Financial has a dividend payout ratio of 16.1% meaning its dividend is sufficiently covered by earnings. Analysts expect WSFS Financial to earn $6.55 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 12.2%.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS opened at $71.85 on Wednesday. The company’s 50 day simple moving average is $66.57 and its 200 day simple moving average is $60.91. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 12.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.84. WSFS Financial has a 1 year low of $49.92 and a 1 year high of $73.06.

WSFS Financial Company Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.