TCF Financial Co. (TCF) to Issue Quarterly Dividend of $0.15

TCF Financial Co. (NYSE:TCF) declared a quarterly dividend on Wednesday, January 31st, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.15 per share by the bank on Thursday, March 1st. This represents a $0.60 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, February 14th. This is a positive change from TCF Financial’s previous quarterly dividend of $0.08.

Shares of TCF Financial (NYSE TCF) opened at $20.50 on Friday. The stock has a market capitalization of $3,694.33, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. TCF Financial has a 52 week low of $14.58 and a 52 week high of $22.42.

Several analysts have issued reports on the company. Jefferies Group reaffirmed a “hold” rating on shares of TCF Financial in a research note on Thursday, February 1st. BMO Capital Markets raised TCF Financial from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research note on Friday. Zacks Investment Research raised TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, January 2nd. Wells Fargo & Co lowered TCF Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 31st. Finally, Barclays lowered TCF Financial from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $23.00 to $22.00 in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. TCF Financial has an average rating of “Hold” and a consensus target price of $21.58.

In other news, Director Peter Bell sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $20.53, for a total transaction of $307,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

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TCF Financial Company Profile

TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.

Dividend History for TCF Financial (NYSE:TCF)

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