Bankwell Financial Group, Inc. (NASDAQ:BWFG) Plans $0.20 Quarterly Dividend

Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Tuesday, February 10th will be paid a dividend of 0.20 per share by the bank on Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 10th.

Bankwell Financial Group has raised its dividend payment by an average of 0.1%per year over the last three years. Bankwell Financial Group has a payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings.

Bankwell Financial Group Stock Up 1.7%

Shares of NASDAQ BWFG traded up $0.78 during midday trading on Thursday, hitting $47.77. The company’s stock had a trading volume of 24,500 shares, compared to its average volume of 27,089. Bankwell Financial Group has a 1 year low of $26.39 and a 1 year high of $51.54. The business’s fifty day simple moving average is $47.37 and its two-hundred day simple moving average is $44.05. The firm has a market capitalization of $376.43 million, a price-to-earnings ratio of 13.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.07 and a quick ratio of 1.07.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small? to mid?sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision?making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.