Stewardship Financial Co. (SSFN) to Issue $0.03 Quarterly Dividend

Stewardship Financial Co. (NASDAQ:SSFN) declared a quarterly dividend on Thursday, July 19th, Wall Street Journal reports. Stockholders of record on Wednesday, August 1st will be paid a dividend of 0.03 per share by the bank on Wednesday, August 15th. This represents a $0.12 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, July 31st.

Stewardship Financial has increased its dividend payment by an average of 33.9% annually over the last three years and has raised its dividend every year for the last 2 years.

SSFN stock remained flat at $$10.90 on Thursday. The company had a trading volume of 543 shares, compared to its average volume of 6,026. Stewardship Financial has a 12 month low of $8.50 and a 12 month high of $12.75. The stock has a market capitalization of $94.99 million, a price-to-earnings ratio of 15.00 and a beta of 0.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.91 and a quick ratio of 0.91.

Stewardship Financial (NASDAQ:SSFN) last announced its quarterly earnings results on Thursday, May 10th. The bank reported $0.21 EPS for the quarter. Stewardship Financial had a return on equity of 8.40% and a net margin of 13.02%. The company had revenue of $7.55 million during the quarter.

Separately, ValuEngine raised Stewardship Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd.

About Stewardship Financial

Stewardship Financial Corporation operates as the bank holding company for Atlantic Stewardship Bank that provides various commercial and retail banking products and services for small and medium-sized businesses, professionals, and individuals. The company offers various deposits, such as personal and business checking accounts, time deposits, money market accounts, regular savings accounts, certificates of deposit, and term certificate accounts.

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Dividend History for Stewardship Financial (NASDAQ:SSFN)

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