Finward Bancorp (NASDAQ:FNWD) to Issue Quarterly Dividend of $0.12

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Friday, September 4th. Shareholders of record on Friday, September 18th will be paid a dividend of 0.12 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 18th.

Finward Bancorp has decreased its dividend payment by an average of 0.2%annually over the last three years. Finward Bancorp has a payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Finward Bancorp to earn $3.13 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 15.3%.

Finward Bancorp Price Performance

Shares of NASDAQ FNWD opened at $43.54 on Wednesday. Finward Bancorp has a fifty-two week low of $30.05 and a fifty-two week high of $45.90. The company has a market cap of $188.53 million, a PE ratio of 19.18 and a beta of 0.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50-day simple moving average of $42.44 and a two-hundred day simple moving average of $37.35.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.14). The company had revenue of $17.58 million for the quarter, compared to analyst estimates of $18.90 million. Finward Bancorp had a net margin of 9.65% and a return on equity of 5.68%. As a group, equities analysts expect that Finward Bancorp will post 2.63 EPS for the current fiscal year.

Finward Bancorp Company Profile

Finward Bancorp is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

Peoples Bank offers a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing, business loans and lines of credit. The bank also provides treasury management, online and mobile banking, and other services designed to support personal and business financial needs.

The company serves customers in Northwest Indiana and the greater Chicago metropolitan area, including communities in northeastern Illinois.