Bankwell Financial Group's last quarterly cash dividend of $0.2 per share was issued to shareholders on record before Aug 12, 2022. The dividend payment stands at $0.78 per share annually, which equates to a dividend yield of 2.61%.
BWFG has a dividend yield of 2.61% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.81%, Bankwell Financial Group's dividend yield is 7% lower. The current dividend yield is more than the historical average of 2.1% of the last 5 years.
Bankwell Financial Group has been paying dividends for the last seven years. According to our records BWFG has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 30% for the last twelve months. And with the stock price down by 0.2% from a year ago, the dividend yield marks an increase of 30%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 12, 2022 | Aug 25, 2022 | Jul 27, 2022 | $0.2 | normal |
| May 12, 2022 | May 23, 2022 | Apr 27, 2022 | $0.2 | normal |
| Feb 11, 2022 | Feb 24, 2022 | Jan 26, 2022 | $0.2 | normal |
| Nov 10, 2021 | Nov 22, 2021 | Oct 27, 2021 | $0.18 | normal |
| Aug 13, 2021 | Aug 26, 2021 | Jul 28, 2021 | $0.18 | normal |
| May 13, 2021 | May 24, 2021 | Apr 28, 2021 | $0.14 | normal |
| Feb 12, 2021 | Feb 25, 2021 | Jan 27, 2021 | $0.14 | normal |
| Feb 11, 2021 | Feb 25, 2021 | Jan 27, 2021 | $0.14 | normal |
| Nov 12, 2020 | Nov 23, 2020 | Oct 28, 2020 | $0.14 | normal |
| Aug 13, 2020 | Aug 24, 2020 | Jul 28, 2020 | $0.14 | normal |
| May 15, 2020 | May 28, 2020 | Apr 29, 2020 | $0.14 | normal |
| Feb 13, 2020 | Feb 24, 2020 | Jan 27, 2020 | $0.14 | normal |
| Nov 14, 2019 | Nov 25, 2019 | Oct 30, 2019 | $0.13 | normal |
| Aug 15, 2019 | Aug 26, 2019 | Jul 30, 2019 | $0.13 | normal |
| May 13, 2019 | May 24, 2019 | Apr 24, 2019 | $0.13 | normal |
| Feb 14, 2019 | Feb 25, 2019 | Jan 30, 2019 | $0.13 | normal |
| Nov 15, 2018 | Nov 26, 2018 | Oct 30, 2018 | $0.12 | normal |
| Aug 16, 2018 | Aug 27, 2018 | Jul 26, 2018 | $0.12 | normal |
| May 14, 2018 | May 25, 2018 | Apr 25, 2018 | $0.12 | normal |
| Feb 23, 2018 | Mar 8, 2018 | Jan 31, 2018 | $0.12 | normal |
| Nov 16, 2017 | Nov 27, 2017 | Oct 18, 2017 | $0.07 | normal |
| Aug 11, 2017 | Aug 25, 2017 | Jul 26, 2017 | $0.07 | normal |
| May 12, 2017 | May 26, 2017 | Apr 26, 2017 | $0.07 | normal |
| Feb 15, 2017 | Feb 27, 2017 | Jan 25, 2017 | $0.07 | normal |
| Nov 16, 2016 | Nov 28, 2016 | Oct 26, 2016 | $0.07 | normal |
| Aug 12, 2016 | Aug 26, 2016 | Jul 27, 2016 | $0.05 | normal |
BWFG has a payout ratio of 17.4% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 30.1%, Bankwell Financial Group's payout ratio is 42% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| UNB Union Bankshares Inc | 6.17% | $1.4 | 49.5% |
| FNLC First Bancorp Inc | 4.61% | $1.32 | 37.7% |
| WASH Washington Trust Bancorp Inc | 4.46% | $2.16 | 49.8% |
| BHB Bar Harbor Bankshares | 3.64% | $1 | 36.9% |
| WBS Webster Financial Corp | 3.31% | $1.6 | 51.8% |
| SAL Salisbury Bancorp Inc | 2.64% | $0.64 | 24.2% |
| BWFG Bankwell Financial Group Inc | 2.61% | $0.78 | 17.4% |
Yes, Bankwell Financial Group has been paying dividends for the last seven years.
BWFG hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in November 2022.
Bankwell Financial Group's last regular dividend was on Aug 12, 2022 (ex-date) with the amount of $0.2 per share.
On an annual basis BWFG pays $0.78 per share.
The current dividend yield of Bankwell Financial Group is 2.61%.
Bankwell Financial Group pays four dividends per year.
The dividend payout ratio of Bankwell Financial Group is 17.4%.
Bankwell Financial Group's dividend yield is less than the Financial Services sector average.