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WAUWATOSA, Wis. - Waterstone Financial, Inc. (NASDAQ:WSBF) announced Tuesday that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per common share, representing a 4.5% dividend yield. The dividend will be payable on August 1, 2025, to shareholders of record at the close of business on July 8, 2025. The company has maintained consistent dividend payments for 12 consecutive years, according to InvestingPro data.
Waterstone Financial serves as the savings and loan holding company for WaterStone Bank, a community-focused financial institution that has been operating since 1921. With a market capitalization of $254 million and trading below book value, the bank provides personal and business banking products through 14 branch locations in southeastern Wisconsin.
The company also owns WaterStone Mortgage Corporation, which operates as a national mortgage lender with licenses in 48 states.
This announcement was made in a press release statement issued by the company.
In other recent news, Waterstone Financial announced the retirement of Michael Hansen from his role as a Director of the company and its subsidiary, WaterStone Bank SSB. Hansen, who has been with the company since 2003, has served as the chair of the Audit Committee and a member of both the Board Executive Committee and the Nominating and Corporate Governance Committee. His retirement marks the end of over two decades of service. During the transition, Hansen will continue in his current roles until a successor is appointed and will begin selling shares of company stock as part of his retirement and estate planning. The company has not provided a specific timeline for when the new director will be appointed. Patrick Lawton, Chairman of Waterstone Financial, expressed gratitude for Hansen’s contributions to the company. The process of selecting a new director is currently underway.
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