Walker & Dunlop, Inc. (WD) to Issue Quarterly Dividend of $0.67 on March 14th

Walker & Dunlop, Inc. (NYSE:WD) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.67 per share by the financial services provider on Friday, March 14th. This represents a $2.68 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.65.

Walker & Dunlop has raised its dividend payment by an average of 9.1% per year over the last three years. Walker & Dunlop has a dividend payout ratio of 44.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Walker & Dunlop to earn $4.76 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 54.6%.

Walker & Dunlop Stock Up 0.2 %

WD stock opened at $86.33 on Friday. The business’s 50-day moving average price is $96.73 and its 200-day moving average price is $104.29. The stock has a market cap of $2.92 billion, a P/E ratio of 30.83 and a beta of 1.55. Walker & Dunlop has a twelve month low of $84.63 and a twelve month high of $118.19.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.18). Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. On average, equities research analysts expect that Walker & Dunlop will post 5.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on Walker & Dunlop from $120.00 to $105.00 and set a “market perform” rating on the stock in a research note on Friday.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.