Bankwell Financial Group, Inc. (NASDAQ:BWFG) to Issue Quarterly Dividend of $0.20

Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Friday, May 10th will be given a dividend of 0.20 per share by the bank on Tuesday, May 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, May 9th.

Bankwell Financial Group has raised its dividend by an average of 12.6% annually over the last three years. Bankwell Financial Group has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings.

Bankwell Financial Group Trading Down 0.6 %

NASDAQ BWFG opened at $23.83 on Wednesday. The company has a market capitalization of $188.50 million, a PE ratio of 6.21 and a beta of 0.80. The stock has a 50-day simple moving average of $24.82 and a 200 day simple moving average of $26.44. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. Bankwell Financial Group has a 12 month low of $21.60 and a 12 month high of $30.83.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut their target price on shares of Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, January 30th.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.