TFS Financial Corporation (TFSL) to Issue Quarterly Dividend of $0.28 on March 25th

TFS Financial Corporation (NASDAQ:TFSL) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Wednesday, March 11th will be given a dividend of 0.2825 per share by the bank on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Wednesday, March 11th.

TFS Financial has raised its dividend payment by an average of 0.0%per year over the last three years. TFS Financial has a payout ratio of 353.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect TFS Financial to earn $0.31 per share next year, which means the company may not be able to cover its $1.13 annual dividend with an expected future payout ratio of 364.5%.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $14.02 on Friday. The firm has a market cap of $3.93 billion, a PE ratio of 43.81 and a beta of 0.73. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.60. TFS Financial has a 52 week low of $11.29 and a 52 week high of $15.42. The business’s fifty day simple moving average is $14.28 and its 200-day simple moving average is $13.83.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $83.73 million for the quarter, compared to analyst estimates of $84.97 million. TFS Financial had a return on equity of 4.79% and a net margin of 11.29%. Equities analysts forecast that TFS Financial will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

TFSL has been the topic of a number of research analyst reports. Piper Sandler started coverage on TFS Financial in a research report on Friday, January 16th. They issued a “neutral” rating and a $15.00 target price on the stock. Zacks Research upgraded TFS Financial to a “hold” rating in a report on Monday, January 19th. Wall Street Zen downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, TFS Financial currently has an average rating of “Hold” and an average target price of $15.00.

TFS Financial Company Profile

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.