Waterstone Financial Declares First Quarter 2021 Dividend; Board Approves 66% Payment Increase
December 17 2020 - 5:13PM
On December 17, 2020, the Board of Directors of Waterstone
Financial, Inc. (NASDAQ: WSBF) declared a first quarter 2021
dividend of $0.20 per common share, an increase of 66% from the
quarterly dividend rate paid in 2020. The dividend is to be paid on
February 2, 2021, to shareholders of record at the close of
business on January 11, 2021.
"Waterstone continues to demonstrate an ability to generate
strong financial results, as well as maintain our strong financial
condition," said Doug Gordon, CEO of Waterstone Financial, Inc. “We
are well-positioned to continue to execute at a high level,
and I am pleased to announce that we are increasing our quarterly
dividend by 66%. Our dedication to a robust dividend payout ratio
demonstrates our commitment to delivering shareholder value and our
continued efforts to actively manage our capital.”
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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