Waterstone Financial (WSBF) Declares $0.50 Special Dividend; 2.8% Yield

Waterstone Financial (NASDAQ: WSBF) declared a special dividend of $0.50 per share.

The dividend will be payable on June 2, 2017, to stockholders of record on May 12, 2017, with an ex-dividend date of May 10, 2017.

The annual yield on the dividend is 2.8 percent.

"The Company has significantly improved profitability over the past few years and achieved record pretax income for the year ending December 31, 2016," said Doug Gordon, CEO of Waterstone Financial, Inc. "We feel that it is appropriate to return our strong earnings to our shareholders in the form of a one-time special dividend. This dividend reflects our efforts to actively manage our capital while maintaining ample capacity to grow organically and pursue potential strategic acquisitions in the future."

For a dividend history and other dividend-related data on Waterstone Financial (WSBF) click here.

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