FS Bancorp (FSBW) Declares $0.14 Quarterly Dividend; 1.3% Yield

FS Bancorp (NASDAQ: FSBW) declared a quarterly dividend of $0.14 per share, or $0.56 annualized.

The dividend will be payable on November 21, 2018, to stockholders of record on November 8, 2018, with an ex-dividend date of November 7, 2018.

The annual yield on the dividend is 1.3 percent.

CEO Joe Adams noted, “We have continued to make progress on the announced merger with Anchor Bancorp (“Anchor”). We have received all required regulatory approvals and Anchor has scheduled a special meeting of its shareholders to vote on the merger on November 13, 2018. We anticipate closing the transaction shortly after Anchor shareholder approval and other customary closing conditions.”

“Quarterly net interest income increased as a result of strong loan growth which helped mitigate margin compression risk from rising funding costs,” stated Matthew Mullet, CFO/COO of the Bank. “We are also pleased to announce that our Board of Directors has approved our twenty-third quarterly cash dividend of $0.14 per share for the third quarter.” The dividend will be paid on November 21, 2018, to shareholders of record as of November 8, 2018.

For a dividend history and other dividend-related data on FS Bancorp (FSBW) click here.

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