Wellesley Bancorp Inc (WEBK) Plans $0.05 Quarterly Dividend

Wellesley Bancorp Inc (NASDAQ:WEBK) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Shareholders of record on Wednesday, March 14th will be given a dividend of 0.05 per share by the bank on Wednesday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, March 13th.

Wellesley Bancorp (NASDAQ:WEBK) opened at $28.94 on Monday. Wellesley Bancorp has a twelve month low of $23.70 and a twelve month high of $29.95. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.11 and a current ratio of 1.11.

Wellesley Bancorp (NASDAQ:WEBK) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.48 earnings per share (EPS) for the quarter. The firm had revenue of $6.62 million for the quarter. Wellesley Bancorp had a return on equity of 7.22% and a net margin of 10.49%.

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About Wellesley Bancorp

Wellesley Bancorp, Inc is the holding company for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans.

Dividend History for Wellesley Bancorp (NASDAQ:WEBK)

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