Waterstone Financial Declares Special Cash Dividend

Rhea-AI Summary

On May 28, 2021, the Board of Directors of Waterstone Financial declared a special dividend of $0.50 per common share, payable on June 15, 2021, to stockholders of record by June 11, 2021. CEO Doug Gordon emphasized that this special dividend demonstrates the company's strong performance in 2021 and commitment to maintaining a robust dividend payout ratio, aimed at delivering shareholder value.

Positive

• Declaration of a special dividend of $0.50 per share reflects strong financial performance.
• The dividend indicates the company's commitment to delivering shareholder value.

Negative

• None.

WAUWATOSA, Wis., June 01, 2021 (GLOBE NEWSWIRE) -- On May 28, 2021 the Board of Directors of Waterstone Financial, Inc. (NASDAQ: WSBF) declared a special dividend of $0.50 per common share.

"This special dividend reflects our strong performance thus far during 2021, as well as our continued strong financial condition," said Doug Gordon, CEO of Waterstone Financial, Inc. “We remain dedicated to a robust dividend payout ratio as one aspect of our ongoing commitment to delivering shareholder value.”

The dividend will be paid on June 15, 2021, to the Company’s stockholders of record on June 11, 2021.

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 special dividend amount declared by WSBF in June 2021?

Waterstone Financial declared a special dividend of $0.50 per common share.

When will the special dividend for WSBF be paid?

The special dividend will be paid on June 15, 2021.

Who is eligible for the special dividend from WSBF?

Stockholders of record as of June 11, 2021, are eligible for the special dividend.

What does the special dividend from WSBF signify?

It signifies Waterstone Financial's strong performance and commitment to shareholder value.