Walker & Dunlop, Inc. (NYSE:WD) Plans $0.68 Quarterly Dividend

Key Points

• Dividend declared: Walker & Dunlop announced a quarterly dividend of $0.68 per share payable June 4 to stockholders of record on May 21, implying a roughly 5.0% yield.
• Dividend track record and coverage: The firm has increased its dividend for 7 consecutive years, with a payout ratio of 61.5% and only a 0.1% average annual increase over the past three years.
• Strong quarterly results: Walker & Dunlop reported $1.02 EPS vs. a $0.06 consensus and revenue of $301.3M (up 26.9% YoY and above estimates); shares traded at $54.71 with a market cap of about $1.88B and a P/E of 33.36.

Walker & Dunlop, Inc. (NYSE:WD - Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.68 per share by the financial services provider on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, May 21st.

Walker & Dunlop has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Walker & Dunlop has a dividend payout ratio of 61.5% meaning its dividend is sufficiently covered by earnings.

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock traded up $1.54 during trading on Thursday, reaching $54.71. 365,582 shares of the company traded hands, compared to its average volume of 325,311. Walker & Dunlop has a 1-year low of $42.12 and a 1-year high of $90.00. The company has a 50 day moving average price of $47.89 and a 200-day moving average price of $59.67. The firm has a market capitalization of $1.88 billion, a PE ratio of 33.36 and a beta of 1.52.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its earnings results on Thursday, May 7th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.96. The business had revenue of $301.33 million for the quarter, compared to analyst estimates of $269.07 million. Walker & Dunlop had a net margin of 4.56% and a return on equity of 6.81%. Walker & Dunlop's revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share.

Walker & Dunlop Company Profile

Walker & Dunlop is one of the largest providers of commercial real estate finance in the United States, specializing in the origination, servicing and sale of loans secured by multifamily, seniors housing, healthcare, student housing and manufactured housing properties. The firm offers a full suite of debt and equity solutions, including agency financing through Fannie Mae and Freddie Mac, HUD and FHA-insured loans, bridge and construction financing, mezzanine debt, preferred equity, and investment sales advisory.

With roots dating back to 1937 and its headquarters in Bethesda, Maryland, Walker & Dunlop has expanded its platform through both organic growth and strategic acquisitions.

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