Western New England Bancorp (WNEB) to Issue Quarterly Dividend of $0.07 on November 26th

Western New England Bancorp (NASDAQ:WNEB) announced a quarterly dividend on Tuesday, October 28th. Investors of record on Wednesday, November 12th will be paid a dividend of 0.07 per share by the financial services provider on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 12th.

Western New England Bancorp has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Western New England Bancorp to earn $0.76 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 36.8%.

Western New England Bancorp Price Performance

Shares of WNEB stock opened at $11.33 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $232.15 million, a P/E ratio of 17.17 and a beta of 0.88. Western New England Bancorp has a 12 month low of $7.63 and a 12 month high of $12.80. The stock has a 50 day moving average of $11.90 and a two-hundred day moving average of $10.51.

Western New England Bancorp (NASDAQ:WNEB) last released its earnings results on Tuesday, October 28th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $21.27 million for the quarter, compared to the consensus estimate of $17.99 million. Western New England Bancorp had a return on equity of 5.62% and a net margin of 10.33%. As a group, equities analysts expect that Western New England Bancorp will post 0.6 EPS for the current year.

Western New England Bancorp Company Profile

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.