Timberland Bancorp, Inc. (NASDAQ:TSBK) to Issue Dividend Increase – $0.25 Per Share

Timberland Bancorp, Inc. (NASDAQ:TSBK) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.25 per share by the savings and loans company on Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24.

Timberland Bancorp has increased its dividend payment by an average of 4.8% per year over the last three years and has increased its dividend every year for the last 12 years.

Timberland Bancorp Trading Up 4.5 %

TSBK stock traded up $1.31 during midday trading on Friday, hitting $30.19. 9,690 shares of the company’s stock were exchanged, compared to its average volume of 13,259. The stock’s fifty day moving average price is $30.00 and its 200-day moving average price is $27.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $240.61 million, a PE ratio of 10.00 and a beta of 0.65. Timberland Bancorp has a one year low of $23.93 and a one year high of $32.24.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.