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ROSEMONT, Ill. - Wintrust Financial Corporation (NASDAQ:WTFC), a diversified financial services company with a market capitalization of $6.4 billion, has announced that its Board of Directors has approved a quarterly cash dividend of $0.50 per share on its outstanding common stock. The declared dividend is to be paid on May 22, 2025, to shareholders of record by May 8, 2025. The current dividend yield stands at 2%, reflecting the company’s impressive 11-year streak of consecutive dividend increases. InvestingPro analysis reveals 10+ additional key insights about Wintrust’s dividend sustainability and growth potential.
In addition to the common stock dividend, Wintrust’s Board has also approved dividends for its preferred stock. Holders of the 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D, and the 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, will receive their dividends on July 15, 2025, with a record date of July 1, 2025.
Wintrust, which boasts $64.9 billion in assets, trades on the NASDAQ Global Select Market and operates over 200 retail banking locations across several states, including Illinois and Florida. The company’s portfolio extends beyond traditional banking, encompassing wealth management, commercial and life insurance premium financing, and other financial services.
The press release also contains forward-looking statements regarding Wintrust’s expected financial results and other plans, cautioning investors about the risks and uncertainties that could cause actual outcomes to differ significantly. These forward-looking statements do not guarantee future performance and are based on information available as of the date they were made.
This announcement is based on a press release statement from Wintrust Financial Corporation. The company has not provided any additional comment on the dividend announcement or its future financial expectations. Investors and shareholders are encouraged to review the company’s most recent filings for more detailed information on risk factors and other aspects that may affect Wintrust’s financial results.
In other recent news, Wintrust Financial Corporation reported its Q4 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $2.63, exceeding the forecast of $2.48. However, the company’s revenue fell slightly short of expectations, coming in at $638.6 million versus the anticipated $641.75 million. Despite the revenue miss, Wintrust achieved a record net income of $695 million for 2024, marking an 11.5% increase from the previous year. Citi analysts have adjusted their outlook on Wintrust Financial, lowering the price target to $142 from $158 while maintaining a Buy rating, reflecting confidence in the company’s growth potential. Keefe, Bruyette & Woods (KBW) also expressed confidence in Wintrust’s ability to maintain its growth guidance in the first quarter of 2025. In corporate governance news, Wintrust announced that Edward J. Wehmer and Scott K. Heitmann will retire from the Board of Directors, coinciding with the Annual Meeting of Shareholders in May 2025. These developments highlight Wintrust’s strategic focus on growth and stability in the face of broader economic challenges.
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