TCF Financial Co. (TCF) To Go Ex-Dividend on February 14th

TCF Financial Co. (NYSE:TCF) declared a quarterly dividend on Wednesday, January 31st, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.15 per share by the bank on Thursday, March 1st. This represents a $0.60 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from TCF Financial’s previous quarterly dividend of $0.08.

TCF Financial (TCF) opened at $21.34 on Tuesday. TCF Financial has a 1-year low of $14.58 and a 1-year high of $22.42. The stock has a market cap of $3,639.39, a P/E ratio of 17.67, a PEG ratio of 1.52 and a beta of 1.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47.

In related news, Director Peter Bell sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total value of $307,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by insiders.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. lowered shares of TCF Financial from a “neutral” rating to an “underweight” rating and set a $22.00 target price for the company. in a report on Wednesday, January 31st. Wells Fargo & Co lowered shares of TCF Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 31st. Royal Bank of Canada reiterated a “buy” rating and set a $25.00 target price on shares of TCF Financial in a report on Wednesday, January 31st. Finally, Barclays lowered shares of TCF Financial from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $23.00 to $22.00 in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.58.

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About TCF Financial

TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.

Dividend History for TCF Financial (NYSE:TCF)

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