Wintrust Financial Corporation (NASDAQ:WTFC) Declares Quarterly Dividend of $0.55

Key Points

• Wintrust Financial declared a quarterly dividend of $0.55 per share, payable November 19 to shareholders of record on November 5. The dividend equates to $2.20 annually and a 1.5% yield.
• The company has raised its dividend for 12 consecutive years, with a current payout ratio of 19.6%, indicating substantial earnings coverage.
• Wintrust exceeded quarterly earnings expectations, reporting EPS of $3.37 versus the $3.31 consensus, while revenue rose 8.6% year over year to $757.88 million.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be given a dividend of $0.55 per share by the bank on Thursday, November 19th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 5th.

Wintrust Financial has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 12 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 $14.04 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 15.7%.

Wintrust Financial Stock Performance

Shares of WTFC opened at $149.75 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.63. The stock has a market cap of $10.10 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.16 and a beta of 0.89. The business's 50 day moving average price is $148.69 and its 200-day moving average price is $152.42. Wintrust Financial has a 52 week low of $122.00 and a 52 week high of $167.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, October 19th. The bank reported $3.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.06. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The business had revenue of $757.88 million during the quarter, compared to analysts' expectations of $754.54 million. During the same quarter in the previous year, the business earned $3.06 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Wintrust Financial will post 13.24 earnings per share for the current fiscal year.

About Wintrust Financial

Wintrust Financial Corporation NASDAQ: WTFC is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.