Waterstone Financial Approves New Quarterly Dividend for Shareholders
Waterstone Financial Announces Dividend Declaration
On a recent date, the Board of Directors of Waterstone Financial, Inc. (NASDAQ: WSBF) made an important announcement regarding the company's commitment to its shareholders. The board declared a regular quarterly cash dividend of $0.15 per common share. This dividend reflects the company's ongoing dedication to providing value to its investors.
Dividend Payment Details
This cash dividend is set to be payable on November 1 to all shareholders who are on record at the close of business on October 8. This timeline ensures that investors are well-informed about their dividends and strengthens shareholder confidence in the company's financial stability.
About Waterstone Financial, Inc.
Waterstone Financial, Inc. serves as the holding company for WaterStone Bank. Established in 1921, WaterStone Bank has built a reputation for offering an extensive range of personal and business banking products. With branches conveniently located throughout various communities, they aim to provide accessible banking services to their clients.
Comprehensive Banking Services
WaterStone Bank's array of services includes everything from savings and checking accounts to mortgage and loan products. This diverse service offering meets the needs of both individual customers and business clients, contributing to the financial health of the communities they serve.
State-Wide Presence
The bank's presence extends to many locations, including Wauwatosa, Brookfield, and others, allowing them to connect with customers effectively across Wisconsin. This local presence is vital in cultivating strong relationships with customers and enhancing trust.
Waterstone Mortgage: A National Lending Ability
In addition to its banking services, WaterStone Bank is also the parent company of Waterstone Mortgage. This subsidiary has the ability to lend in 48 states, making it a prominent player in the mortgage lending market. This national reach allows WaterStone to assist a broader range of clients while providing tailored solutions that meet diverse financial needs.
Commitment to Shareholders
Waterstone Financial's dividend declaration is a testament to its robust financial standing and commitment to returning value to its shareholders. The ability to maintain and grow dividends underscores the company's effective management strategies and long-term growth outlook.
Community-Focused Banking
With an emphasis on community involvement and customer-centric services, WaterStone Bank prioritizes its customers' needs. This focus on community banking reinforces their role as a trusted financial institution within their service areas.
Frequently Asked Questions
What is the amount of the declared dividend by Waterstone Financial?
The declared amount is $0.15 per common share.
When will the dividend be paid to shareholders?
The dividend is payable on November 1 to shareholders of record as of October 8.
What services does WaterStone Bank provide?
WaterStone Bank offers a comprehensive suite of personal and business banking products.
How long has WaterStone Bank been established?
WaterStone Bank was established in 1921, showcasing its long-standing commitment to the banking sector.
Can Waterstone Mortgage lend outside of Wisconsin?
Yes, Waterstone Mortgage has the capability to lend in 48 states, allowing them to assist clients nationwide.
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