Finward Bancorp (FNWD) to Issue Quarterly Dividend of $0.12 on February 3rd

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Friday, December 20th,RTT News reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.12 per share on Monday, February 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, January 21st.

Finward Bancorp has decreased its dividend by an average of 19.8% annually over the last three years. Finward Bancorp has a payout ratio of 28.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Finward Bancorp to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 48.0%.

Finward Bancorp Price Performance

NASDAQ FNWD opened at $27.01 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. The company has a market cap of $116.41 million, a PE ratio of 10.04 and a beta of 0.54. Finward Bancorp has a 52 week low of $22.82 and a 52 week high of $33.50. The firm’s 50-day simple moving average is $29.81 and its two-hundred day simple moving average is $29.22.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Finward Bancorp had a return on equity of 7.60% and a net margin of 10.44%. The business had revenue of $14.87 million during the quarter. Research analysts predict that Finward Bancorp will post 0.08 earnings per share for the current year.

Finward Bancorp Company Profile

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company’s deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans.