Bankwell Financial Group (BWFG) Declares $0.12 Quarterly Dividend; 1.6% Yield

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Go back to Bankwell Financial Group (BWFG) Declares $0.12 Quarterly Dividend; 1.6% Yield

Bankwell Financial Group Reports Record Quarterly Net Income of $4.9 Million or $0.62 Per Share for the Third Quarter and Declares Fourth Quarter Dividend

October 30, 2018 4:43 PM EDT

NEW CANAAN, Conn.--(BUSINESS WIRE)-- Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $4.9 million or $0.62 per share for the third quarter of 2018, versus $4.3 million or $0.55 per share for the same period in 2017.

The Company's Board of Directors declared a $0.12 per share cash dividend, payable November 26, 2018 to shareholders of record on November 16, 2018.

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

Thanks to the Bankwell team for another strong performance. Our third quarter ROAA and ROATCE were 1.04% and 11.32%, respectively. Loan growth for the third quarter was somewhat... More