Waterstone Financial Declares First Quarter 2021 Dividend; Board Approves 66% Payment Increase

Rhea-AI Summary

On December 17, 2020, Waterstone Financial, Inc. (NASDAQ: WSBF) declared a first quarter 2021 dividend of $0.20 per common share, marking a significant 66% increase from 2020. The dividend will be distributed on February 2, 2021, to shareholders recorded by January 11, 2021. CEO Doug Gordon emphasized the company's strong financial performance and commitment to delivering shareholder value. This increase reflects confidence in ongoing financial health and effective capital management.

Positive

• Dividend increased by 66% to $0.20 per share.
• Demonstrates strong financial performance and conditions.
• Commitment to delivering shareholder value.

Negative

• None.

WAUWATOSA, Wis., Dec. 17, 2020 (GLOBE NEWSWIRE) -- On December 17, 2020, the Board of Directors of Waterstone Financial, Inc. (NASDAQ: WSBF) declared a first quarter 2021 dividend of $0.20 per common share, an increase of 66% from the quarterly dividend rate paid in 2020. The dividend is to be paid on February 2, 2021, to shareholders of record at the close of business on January 11, 2021.

"Waterstone continues to demonstrate an ability to generate strong financial results, as well as maintain our strong financial condition," said Doug Gordon, CEO of Waterstone Financial, Inc. “We are well-positioned to continue to execute at a high level, and I am pleased to announce that we are increasing our quarterly dividend by 66%. Our dedication to a robust dividend payout ratio demonstrates our commitment to delivering shareholder value and our continued efforts to actively manage our capital.”

About Waterstone Financial, Inc.

Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank. WaterStone Bank was established in 1921 and offers a full suite of personal and business banking products. The Bank has branches in Wauwatosa/State St, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Greenfield/Loomis Rd, Milwaukee/Oklahoma Ave, Oak Creek/27th St, Oak Creek/Howell Ave, Oconomowoc/Lake Country, Pewaukee, Waukesha, West Allis/Greenfield Ave, and West Allis/National Ave, Wisconsin. WaterStone Bank is the parent company to Waterstone Mortgage, which has the ability to lend in 48 states. For more information about WaterStone Bank, go to http://www.wsbonline.com.

Contact: Mark R. Gerke
Chief Financial Officer
414-459-4012
markgerke@wsbonline.com

FAQ

What is the WSBF dividend amount for Q1 2021?

The WSBF dividend amount for Q1 2021 is $0.20 per common share.

When will the WSBF dividend be paid?

The WSBF dividend will be paid on February 2, 2021.

What date is the record for WSBF shareholders to receive the dividend?

The record date for WSBF shareholders to receive the dividend is January 11, 2021.

How much was the increase in the WSBF dividend compared to 2020?

The WSBF dividend increased by 66% compared to the amount paid in 2020.

What does the dividend increase signify for WSBF investors?

The dividend increase signifies strong financial performance and a commitment to shareholder value.