TFS Financial Co. (NASDAQ:TFSL) Announces Quarterly Dividend of $0.28

TFS Financial Co. (NASDAQ:TFSL - Get Free Report) declared a quarterly dividend on Thursday, May 29th, RTT News reports. Shareholders of record on Tuesday, June 10th will be given a dividend of 0.2825 per share by the bank on Tuesday, June 24th. This represents a $1.13 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Tuesday, June 10th.

TFS Financial has increased its dividend by an average of 0.2% annually over the last three years. TFS Financial has a dividend payout ratio of 353.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TFS Financial to earn $0.31 per share next year, which means the company may not be able to cover its $1.13 annual dividend with an expected future payout ratio of 364.5%.

TFS Financial Trading Up 0.1%

NASDAQ:TFSL traded up $0.01 on Friday, reaching $13.26. The stock had a trading volume of 291,067 shares, compared to its average volume of 291,045. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 47.36 and a beta of 0.78. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The firm's fifty day moving average is $12.75 and its two-hundred day moving average is $12.97. TFS Financial has a 12-month low of $11.29 and a 12-month high of $15.00.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. The company had revenue of $79.12 million during the quarter, compared to the consensus estimate of $69.42 million. Equities analysts expect that TFS Financial will post 0.29 EPS for the current fiscal year.

Insider Activity

In related news, insider Gavin B. Stefanski sold 3,505 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $13.47, for a total transaction of $47,212.35. Following the completion of the sale, the insider now owns 32,766 shares of the company's stock, valued at approximately $441,358.02. This represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew J. Rubino sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $13.61, for a total transaction of $81,660.00. Following the sale, the insider now directly owns 24,126 shares of the company's stock, valued at approximately $328,354.86. This trade represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 115,067 shares of company stock valued at $1,525,446 in the last 90 days. 0.95% of the stock is currently owned by insiders.

Institutional Trading of TFS Financial

A number of institutional investors and hedge funds have recently bought and sold shares of TFSL. Jane Street Group LLC acquired a new stake in TFS Financial during the 1st quarter worth approximately $159,000. AQR Capital Management LLC increased its position in TFS Financial by 19.2% during the 1st quarter. AQR Capital Management LLC now owns 17,350 shares of the bank's stock worth $215,000 after purchasing an additional 2,790 shares in the last quarter. Empowered Funds LLC increased its position in TFS Financial by 14.7% during the 1st quarter. Empowered Funds LLC now owns 24,168 shares of the bank's stock worth $299,000 after purchasing an additional 3,102 shares in the last quarter. Goldman Sachs Group Inc. increased its position in TFS Financial by 64.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank's stock worth $1,139,000 after purchasing an additional 36,004 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in TFS Financial by 15.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank's stock valued at $2,537,000 after acquiring an additional 26,949 shares in the last quarter. Institutional investors and hedge funds own 9.81% of the company's stock.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.