Wintrust Financial Corporation (WTFC) to Issue Quarterly Dividend of $0.55 on May 28th

Wintrust Financial Corporation (NASDAQ:WTFC) declared a quarterly dividend on Wednesday, April 15th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.55 per share by the bank on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th.

Wintrust Financial has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Wintrust Financial has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wintrust Financial to earn $10.87 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 20.2%.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $145.24 on Friday. The company has a 50-day moving average price of $143.41 and a two-hundred day moving average price of $139.29. Wintrust Financial has a 52 week low of $100.37 and a 52 week high of $162.96. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 12.74 and a beta of 0.86. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.66.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.The business had revenue of $714.26 million during the quarter, compared to the consensus estimate of $700.85 million. During the same period in the previous year, the firm posted $2.63 earnings per share. Analysts forecast that Wintrust Financial will post 10.36 EPS for the current year.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.