dividend
confidence high
sentiment neutral
materiality 0.55
Waterstone Financial cuts quarterly dividend to $0.15/share, shifts capital to buybacks
Waterstone Financial, Inc.
- Quarterly dividend reduced to $0.15 per share; payable Nov 1, 2023 to holders of record Oct 9, 2023.
- Annualized yield of 5.17% based on prior day's closing price.
- Capital reallocated to stock buybacks; shares repurchased at prices below tangible book value.
- Capital to assets ratio of 15.9% as of June 30, 2023, well above regulatory requirements.