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

Stewardship Financial Co. (NASDAQ:SSFN) declared a quarterly dividend on Thursday, October 18th, Wall Street Journal reports. Shareholders of record on Thursday, November 1st will be paid a dividend of 0.03 per share by the bank on Thursday, November 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Wednesday, October 31st.

Stewardship Financial has raised 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.

Shares of NASDAQ SSFN traded down $0.32 during trading on Thursday, hitting $10.00. 2,051 shares of the company were exchanged, compared to its average volume of 5,746. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.92. The firm has a market cap of $91.97 million, a PE ratio of 12.62 and a beta of 0.13. Stewardship Financial has a 12-month low of $9.30 and a 12-month high of $12.75.

Stewardship Financial (NASDAQ:SSFN) last issued its quarterly earnings data on Thursday, August 9th. The bank reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $7.87 million during the quarter. Stewardship Financial had a return on equity of 9.68% and a net margin of 15.44%.

Separately, ValuEngine downgraded Stewardship Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 6th.

Stewardship Financial Company Profile

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.

Further Reading: How is the discount rate different from the Federal Funds rate?

Dividend History for Stewardship Financial (NASDAQ:SSFN)

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