Bankwell Financial Group (BWFG) Declares $0.07 Quarterly Dividend; 0.8% Yield

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Bankwell Financial Group Reports Record First Quarter Net Income of $3.7 Million or $0.48 Per Share, Exceeds 10% Return on Equity and Declares Second Quarter Dividend

April 26, 2017 4:30 PM EDT

NEW CANAAN, Conn.--(BUSINESS WIRE)-- Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.7 million or $0.48 per share for the first quarter of 2017, versus $3.0 million or $0.40 per share for the same period in 2016.

The Company's Board of Directors declared a $0.07 per share cash dividend, payable May 26, 2017 to shareholders of record on May 16, 2017.

Notes Bankwell Financial Group President and CEO, Christopher R. Gruseke:

Bankwell has begun the year with an outstanding first quarter performance. Our strategy of disciplined growth continues to succeed as we increased loan balances at an... More