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WSFS Financial Exceeds Expectations with Strong Performance, Driving Profits and Rewarding Investors

Author: Benzinga Insights | November 17, 2023 11:05am

By the close of today, November 17, 2023, WSFS Financial (NASDAQ:WSFS) will issue a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 1.75%. Only those investors who owned the stock prior to the ex-dividend date on November 02, 2023 will receive this payout.

WSFS Financial Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-11-02 4 $0.15 1.75% 2023-10-23 2023-11-03 2023-11-17
2023-08-03 4 $0.15 1.44% 2023-07-24 2023-08-04 2023-08-18
2023-05-04 4 $0.15 1.6% 2023-04-24 2023-05-05 2023-05-19
2023-02-09 4 $0.15 1.27% 2023-01-26 2023-02-10 2023-02-24
2022-11-03 4 $0.15 1.23% 2022-10-24 2022-11-04 2022-11-18
2022-08-04 4 $0.15 1.42% 2022-07-25 2022-08-05 2022-08-19
2022-05-05 4 $0.13 1.2% 2022-04-21 2022-05-06 2022-05-20
2022-02-03 4 $0.13 1.01% 2022-01-24 2022-02-04 2022-02-18
2021-11-03 4 $0.13 0.94% 2021-10-21 2021-11-04 2021-11-18
2021-08-04 4 $0.13 1.17% 2021-07-22 2021-08-05 2021-08-19
2021-05-06 4 $0.13 1.07% 2021-04-22 2021-05-07 2021-05-21
2021-02-10 4 $0.12 1.03% 2021-01-25 2021-02-11 2021-02-25

WSFS Financial lags behind its industry peers in terms of dividend yield, with First Interstate BancSys (NASDAQ:FIBK) surpassing it with a higher annualized dividend yield of 7.36%.

Analyzing WSFS Financial Financial Health

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.

YoY Growth in Dividend Per Share

dividend chart graph

From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.47 in 2019 to $0.56 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.

YoY Earnings Growth For WSFS Financial

earning chart graph

From 2019 to 2022, WSFS Financial has demonstrated an upward trend in earnings, with earnings per share rising from $3.71 to $3.95. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Recap

This article provides an in-depth analysis of WSFS Financial's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.15 per share, resulting in an annualized dividend yield of 1.75%.

WSFS Financial lags behind its industry peers in terms of dividend yield, with First Interstate BancSys surpassing it with a higher annualized dividend yield of 7.36%.

With an increase in dividend per share and earnings per share from 2019 to 2022, WSFS Financial demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.

To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.

[Track real-time stock fluctuations for WSFS Financial on Benzinga.](https://www.benzinga.com/quote/WSFS Financial (NASDAQ: WSFS))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: FIBK WSFS

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