Bankwell Financial Group (BWFG) Declares $0.12 Quarterly Dividend; 1.5% Yield

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Go back to Bankwell Financial Group (BWFG) Declares $0.12 Quarterly Dividend; 1.5% Yield

Bankwell Financial Group Reports First Quarter Net Income of $4.6 Million or $0.59 Per Share, Representing 24% Year over Year Growth and Declares Second Quarter Dividend

April 25, 2018 7:22 PM EDT

NEW CANAAN, Conn.--(BUSINESS WIRE)-- Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $4.6 million or $0.59 per share for the first quarter of 2018, versus $3.7 million or $0.48 per share for the same period in 2017.

The Company's Board of Directors declared a $0.12 per share cash dividend, payable May 25, 2018 to shareholders of record on May 15, 2018.

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

We are happy to announce year over year earnings growth of 24% for the first quarter of 2018. Acknowledging that the lower corporate tax rate played a significant role,... More