WAUWATOSA, Wis., Nov. 19, 2020 (GLOBE NEWSWIRE) — On November 17, 2020 the Board of Administrators of Waterstone Monetary, Inc. (NASDAQ: WSBF) declared a particular dividend of $0.30 per frequent share.
“This special dividend reflects our strong performance thus far during 2020, as well as our continued strong financial condition,” stated Doug Gordon, CEO of Waterstone Monetary, Inc. “While we have historically declared and paid a special dividend following the conclusion of a successful year, the magnitude of our year-to-date earnings has allowed us to accelerate the timing of this dividend, which would have otherwise been a component of our fiscal 2021 dividend plan. Our dedication to a robust dividend payout ratio demonstrates our commitment to delivering shareholder value and our continued efforts to actively manage our capital.”
The dividend is payable on December 8, 2020, to shareholders of report on the shut of enterprise on December 1, 2020.
About Waterstone Monetary, Inc.
Waterstone Monetary, Inc. is the financial savings and loan holding firm for WaterStone Bank. WaterStone Bank was established in 1921 and affords a full suite of private and enterprise banking merchandise. The Bank has branches in Wauwatosa/State St, Brookfield, Fox Level/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Greenfield/Loomis Rd, Milwaukee/Oklahoma Ave, Oak Creek/27th St, Oak Creek/Howell Ave, Oconomowoc/Lake Nation, Pewaukee, Waukesha, West Allis/Greenfield Ave, and West Allis/Nationwide Ave, Wisconsin. WaterStone Bank is the father or mother firm to Waterstone Mortgage, which has the power to lend in 48 states. For extra details about WaterStone Bank, go to http://www.wsbonline.com.
Mark R. Gerke
Chief Monetary Officer