SmarterDividends
WSBF

Waterstone Financial, Inc.

WSBF

Financial Services · Banks - Regional · Stock · quarterly payer

$19.87

Overvalued · -39% Add to Portfolio

Forward Yield

3.43%

Annual Dividend

$0.68

Payout Ratio

36%

5-Yr Growth

4.6%

Ex-Date

Oct 8, 2026

Frequency

Quarterly

Key facts about WSBF's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 7, 2026, Waterstone Financial, Inc. (WSBF) has a forward dividend yield of 3.43%, based on an annual dividend of $0.68 per share and a share price of $19.87.
  • As of Oct 7, 2026, WSBF's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • WSBF last cut its regular dividend in 2024.
  • WSBF's next ex-dividend date is Oct 8, 2026, with payment on Nov 2, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 7, 2026, WSBF pays out 36% of its trailing 12-month earnings as dividends (its payout ratio).
  • WSBF's dividend has grown at an average rate of 4.6% a year over the past five years.
  • As of Oct 7, 2026, WSBF's 3.43% yield is 39% below its five-year average yield of 5.59%.
  • As of Oct 7, 2026, SmarterDividends' blended fair-value estimate for WSBF is $12.10 per share, 39% below the $19.87 share price, so WSBF screens as overvalued.
  • Waterstone Financial, Inc. (WSBF) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "WSBF Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 7, 2026, https://smarterdividends.com/stocks/WSBF

Summary

As of Oct 7, 2026, Waterstone Financial, Inc. (WSBF) yields 3.43% ($0.68 a year per share) and has a dividend safety grade of C (59/100).

Is WSBF a good dividend stock?

Yes, with caveats

Waterstone Financial, Inc. (WSBF) pays a quarterly dividend yielding 3.43% ($0.68/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (36%)

Risks

  • Cut its dividend in 2024
  • Share price is down over the past 5 years

Key Data

Dividend Yield
3.43%
Payout Ratio
36%
Annual Dividend
$0.68
5-Yr Avg Growth
4.6%
Ex-Dividend Date
Oct 8, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.74
Market Cap
$357.2M
P/E Ratio
11.6
5-Yr Total Return
-4%
52-Week Range
$14.52 – $21.66
Dividend Safety
C · 59/100
Ever Cut?
Yes (2024)
WSBF ex-dividend date & scheduleNext ex-date Oct 8, 2026 · full ex-dividend historyView →WSBF dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is WSBF a good dividend stock?

Yes, with caveats. Waterstone Financial, Inc. (WSBF) pays a quarterly dividend yielding 3.43% ($0.68/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is WSBF undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WSBF's fair value is about $12.10 versus a $19.87 share price — so it looks overvalued (-39% vs. fair value).

Is WSBF's dividend safe?

WSBF has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is WSBF's fair value?

Our blended fair-value estimate for WSBF is about $12.10 per share, about 39% below the current $19.87 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WSBF a buy, hold, or sell?

We don't issue formal ratings, but on the data WSBF screens as "yes, with caveats" and overvalued. Waterstone Financial, Inc. (WSBF) pays a quarterly dividend yielding 3.43% ($0.68/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will WSBF cut its dividend?

WSBF earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WSBF pay a dividend?

Yes. Waterstone Financial, Inc. pays a quarterly dividend of about $0.68 per share annually, a forward yield of roughly 3.43%.

What is WSBF's dividend yield?

As of Oct 7, 2026, WSBF's forward dividend yield is 3.43%, based on a $0.68 annual dividend and a $19.87 share price.

What is WSBF's dividend per share?

As of Oct 7, 2026, WSBF pays $0.68 per share per year, distributed on a quarterly basis.

What is WSBF's dividend payout ratio?

As of Oct 7, 2026, WSBF's payout ratio is 36% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has WSBF grown its dividend?

WSBF does not currently have a long dividend-growth streak on record.

When is the next WSBF ex-dividend date?

As of Oct 7, 2026, the next ex-dividend date on record for WSBF is Oct 8, 2026.

Income Calculator

At $0.68 / yr per share

Per payment (quarterly)$17.00
Annual$68.00
Monthly avg$5.67

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