Finward Bancorp (NASDAQ:FNWD) Plans $0.12 Quarterly Dividend

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Wednesday, June 26th, Zacks reports. Investors of record on Friday, July 19th will be paid a dividend of 0.12 per share on Thursday, August 1st. This represents a $0.48 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, July 19th.

Finward Bancorp has decreased its dividend by an average of 9.1% per year over the last three years. Finward Bancorp has a dividend payout ratio of 96.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Finward Bancorp to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 96.0%.

Finward Bancorp Trading Up 1.2 %

Shares of NASDAQ FNWD opened at $24.47 on Friday. The company’s 50 day simple moving average is $24.50 and its 200 day simple moving average is $24.26. Finward Bancorp has a fifty-two week low of $17.29 and a fifty-two week high of $26.10. The firm has a market capitalization of $105.47 million, a P/E ratio of 6.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.17 earnings per share for the quarter. Finward Bancorp had a net margin of 14.11% and a return on equity of 11.12%. The business had revenue of $25.26 million for the quarter. On average, analysts predict that Finward Bancorp will post -0.3 EPS for the current year.

About Finward Bancorp

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans.