Walker & Dunlop, Inc. (WD) To Go Ex-Dividend on May 21st

Walker & Dunlop, Inc. (NYSE:WD) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.68 per share by the financial services provider on Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, May 21st.

Walker & Dunlop has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Walker & Dunlop has a payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings.

Walker & Dunlop Trading Up 2.9%

Walker & Dunlop stock opened at $54.71 on Friday. The company has a market capitalization of $1.88 billion, a P/E ratio of 33.36 and a beta of 1.52. The firm’s fifty day simple moving average is $47.73 and its 200-day simple moving average is $59.48. Walker & Dunlop has a 1-year low of $42.12 and a 1-year high of $90.00.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.18). The business had revenue of $340.02 million for the quarter, compared to the consensus estimate of $343.66 million. Walker & Dunlop had a net margin of 4.56% and a return on equity of 6.81%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 EPS.

Walker & Dunlop Company Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.