Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit. It operates branches in New Canaan, Stamford, Fairfield, Wilton, Westport, Darien, Norwalk, and Hamden, Connecticut. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.
Bankwell Financial Dividend Announcement
• Bankwell Financial announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-08
• Bankwell Financial annual dividend for 2024 was $0.80
• Bankwell Financial annual dividend for 2023 was $0.80
• Bankwell Financial's trailing twelve-month (TTM) dividend yield is 2.45%
• Bankwell Financial's payout ratio for the trailing twelve months (TTM) is 40.96%
• Bankwell Financial's dividend growth over the last five years (2018-2023) was 10.76% year
Bankwell Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.20 | quarterly | 2024-11-22 |
2024-08-12 | $0.20 | quarterly | 2024-08-23 |
2024-05-09 | $0.20 | quarterly | 2024-05-21 |
2024-02-12 | $0.20 | quarterly | 2024-02-23 |
2023-11-09 | $0.20 | quarterly | 2023-11-20 |
2023-08-11 | $0.20 | quarterly | 2023-08-24 |
2023-05-11 | $0.20 | quarterly | 2023-05-23 |
2023-02-10 | $0.20 | quarterly | 2023-02-23 |
2022-11-09 | $0.20 | quarterly | 2022-11-21 |
2022-08-12 | $0.20 | quarterly | 2022-08-25 |
2022-05-12 | $0.20 | quarterly | 2022-05-23 |
2022-02-11 | $0.20 | quarterly | 2022-02-24 |
2021-11-10 | $0.18 | quarterly | 2021-11-22 |
2021-08-13 | $0.18 | quarterly | 2021-08-26 |
2021-05-13 | $0.14 | quarterly | 2021-05-24 |
2021-02-11 | $0.14 | quarterly | 2021-02-25 |
2020-11-12 | $0.14 | quarterly | 2020-11-23 |
2020-08-13 | $0.14 | quarterly | 2020-08-24 |
2020-05-15 | $0.14 | quarterly | 2020-05-28 |
2020-02-13 | $0.14 | quarterly | 2020-02-24 |
2019-11-14 | $0.13 | quarterly | 2019-11-25 |
2019-08-15 | $0.13 | quarterly | 2019-08-26 |
2019-05-13 | $0.13 | quarterly | 2019-05-24 |
2019-02-14 | $0.13 | quarterly | 2019-02-25 |
2018-11-15 | $0.12 | quarterly | 2018-11-26 |
2018-08-16 | $0.12 | quarterly | 2018-08-27 |
2018-05-14 | $0.12 | quarterly | 2018-05-25 |
2018-02-23 | $0.12 | quarterly | 2018-03-08 |
2017-11-16 | $0.07 | quarterly | 2017-11-27 |
2017-08-11 | $0.07 | quarterly | 2017-08-25 |
2017-05-12 | $0.07 | quarterly | 2017-05-26 |
2017-02-15 | $0.07 | quarterly | 2017-02-27 |
2016-11-16 | $0.07 | quarterly | 2016-11-28 |
2016-08-12 | $0.05 | quarterly | 2016-08-26 |
2016-05-12 | $0.05 | quarterly | 2016-05-26 |
2016-02-10 | $0.05 | quarterly | 2016-02-22 |
2015-12-09 | $0.05 | quarterly | 2015-12-21 |
Bankwell Financial Dividend per year
Bankwell Financial Dividend growth
Bankwell Financial Dividend Yield
Bankwell Financial current trailing twelve-month (TTM) dividend yield is 2.45%. Interested in purchasing Bankwell Financial stock? Use our calculator to estimate your expected dividend yield:
Bankwell Financial Financial Ratios
Bankwell Financial Dividend FAQ
Other factors to consider when evaluating Bankwell Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Bankwell Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Bankwell Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Bankwell Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Bankwell Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Bankwell Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Bankwell Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bankwell Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Bankwell Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Bankwell Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.