Walker & Dunlop, Inc. (NYSE:WD) Shareholders Set to Receive $0.68 Quarterly Dividend

Walker & Dunlop, Inc. (NYSE:WD) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, November 20th will be paid a dividend of $0.68 per share by the financial services provider on Friday, December 4th. This represents a $2.72 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Friday, November 20th.

Walker & Dunlop has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Walker & Dunlop has a payout ratio of 61.5% meaning its dividend is sufficiently covered by earnings.

Walker & Dunlop Price Performance

Walker & Dunlop stock opened at $39.84 on Friday. The company has a fifty day moving average price of $36.68 and a two-hundred day moving average price of $47.50. Walker & Dunlop has a 12 month low of $31.40 and a 12 month high of $75.50. The company has a market cap of $1.37 billion, a PE ratio of 35.57 and a beta of 1.48.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, November 5th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.06). The company had revenue of $298.45 million for the quarter, compared to the consensus estimate of $310.93 million. Walker & Dunlop had a net margin of 2.94% and a return on equity of 7.25%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share.

About Walker & Dunlop

Walker & Dunlop, Inc is a commercial real estate finance and advisory firm serving property owners, investors and developers across the United States. The company provides financing, investment sales, valuation, research and advisory services for a broad range of commercial real estate assets, including multifamily, office, industrial, retail, hospitality and senior housing properties.

Its financing business arranges debt and equity solutions through relationships with banks, life insurance companies, government-sponsored enterprises and other capital providers.