Today, December 13, 2023, TFS Financial TFSL will distribute a dividend payout of $0.28 per share, highlighting an annualized dividend yield of 8.51%. Shareholders who owned the stock before the ex-dividend date on November 28, 2023 will be eligible for this payout.
TFS Financial Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-28 | 4 | $0.28 | 8.51% | 2023-11-15 | 2023-11-29 | 2023-12-13 |
| 2023-09-11 | 4 | $0.28 | 8.32% | 2023-08-31 | 2023-09-12 | 2023-09-26 |
| 2023-05-26 | 4 | $0.28 | 9.76% | 2023-05-18 | 2023-05-30 | 2023-06-13 |
| 2023-03-06 | 4 | $0.28 | 7.91% | 2023-02-23 | 2023-03-07 | 2023-03-21 |
| 2022-11-28 | 4 | $0.28 | 8.05% | 2022-11-15 | 2022-11-29 | 2022-12-13 |
| 2022-09-02 | 4 | $0.28 | 7.62% | 2022-08-25 | 2022-09-06 | 2022-09-20 |
| 2022-06-06 | 4 | $0.28 | 7.79% | 2022-05-26 | 2022-06-07 | 2022-06-21 |
| 2022-03-07 | 4 | $0.28 | 6.59% | 2022-02-24 | 2022-03-08 | 2022-03-22 |
| 2021-11-29 | 4 | $0.28 | 5.77% | 2021-11-18 | 2021-11-30 | 2021-12-14 |
| 2021-09-03 | 4 | $0.28 | 5.71% | 2021-08-26 | 2021-09-07 | 2021-09-21 |
| 2021-06-07 | 4 | $0.28 | 5.17% | 2021-05-27 | 2021-06-08 | 2021-06-22 |
| 2021-03-08 | 4 | $0.28 | 5.39% | 2021-02-25 | 2021-03-09 | 2021-03-23 |
When it comes to dividend yield, TFS Financial stands tall above its industry peers, boasting a remarkable annualized dividend yield of 6.68%.
Analyzing TFS Financial Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $1.04 to $1.13, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For TFS Financial
The earnings chart highlights a decrease in TFS Financial's earnings per share, declining from $0.28 in 2019 to $0.27 in 2022. This decline in earnings raises a red flag for income-seeking investors, as it suggests a potential decrease in the company's ability to generate cash for dividend payouts. It is essential to closely examine the factors behind this decrease and assess the long-term impact on dividend sustainability.
Recap
This article takes an in-depth look at TFS Financial's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.28 per share today, translating to an annualized dividend yield of 8.51%.
When it comes to dividend yield, TFS Financial stands tall above its industry peers, boasting a remarkable annualized dividend yield of 6.68%.
Given that TFS Financial has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[Monitor live stock price updates for TFS Financial on Benzinga.](https://www.benzinga.com/quote/TFS Financial (NASDAQ: TFSL))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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