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As the day concludes, TFS Financial (NASDAQ:TFSL) is preparing to distribute a dividend payout of $0.28 per share, resulting in an annualized dividend yield of 8.32%. This payout is exclusive to investors who held the stock before the ex-dividend date on September 11, 2023.
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-09-11 | 4 | $0.28 | 8.32% | 2023-08-31 | 2023-09-12 | 2023-09-26 |
| 2023-05-26 | 4 | $0.28 | 9.76% | 2023-05-18 | 2023-05-30 | 2023-06-13 |
| 2023-03-06 | 4 | $0.28 | 7.91% | 2023-02-23 | 2023-03-07 | 2023-03-21 |
| 2022-11-28 | 4 | $0.28 | 8.05% | 2022-11-15 | 2022-11-29 | 2022-12-13 |
| 2022-09-02 | 4 | $0.28 | 7.62% | 2022-08-25 | 2022-09-06 | 2022-09-20 |
| 2022-06-06 | 4 | $0.28 | 7.79% | 2022-05-26 | 2022-06-07 | 2022-06-21 |
| 2022-03-07 | 4 | $0.28 | 6.59% | 2022-02-24 | 2022-03-08 | 2022-03-22 |
| 2021-11-29 | 4 | $0.28 | 5.77% | 2021-11-18 | 2021-11-30 | 2021-12-14 |
| 2021-09-03 | 4 | $0.28 | 5.71% | 2021-08-26 | 2021-09-07 | 2021-09-21 |
| 2021-06-07 | 4 | $0.28 | 5.17% | 2021-05-27 | 2021-06-08 | 2021-06-22 |
| 2021-03-08 | 4 | $0.28 | 5.39% | 2021-02-25 | 2021-03-09 | 2021-03-23 |
| 2020-11-30 | 4 | $0.28 | 6.82% | 2020-11-19 | 2020-12-01 | 2020-12-15 |
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $1.04 in 2019 to $1.13 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
Investors can observe a decrease in TFS Financial's earnings per share from $0.28 in 2019 to $0.27 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
This article takes an in-depth look at TFS Financial's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.28 per share today, translating to an annualized dividend yield of 8.32%.
The rising dividend per share and declining earnings per share of TFS Financial from 2019 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: TFSL
