Waterstone Financial Declares Special Dividend
November 19 2020 - 4:01PM
On November 17, 2020 the Board of Directors of Waterstone
Financial, Inc. (NASDAQ: WSBF) declared a special dividend of $0.30
per common share.
“This special dividend reflects our strong
performance thus far during 2020, as well as our continued strong
financial condition,” said Doug Gordon, CEO of Waterstone
Financial, Inc. “While we have historically declared and paid a
special dividend following the conclusion of a successful year, the
magnitude of our year-to-date earnings has allowed us to accelerate
the timing of this dividend, which would have otherwise been a
component of our fiscal 2021 dividend plan. Our dedication to a
robust dividend payout ratio demonstrates our commitment to
delivering shareholder value and our continued efforts to actively
manage our capital.”
The dividend is payable on December 8, 2020, to
shareholders of record at the close of business on December 1,
2020.
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. GerkeChief Financial
Officer414.459.4012markgerke@wsbonline.com
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