ESSA Bancorp, Inc. to Issue Quarterly Dividend of $0.15 (NASDAQ:ESSA)

ESSA Bancorp, Inc. (NASDAQ:ESSA) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.15 per share by the financial services provider on Monday, December 30th. This represents a $0.60 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, December 16th.

ESSA Bancorp has raised its dividend payment by an average of 10.9% annually over the last three years. ESSA Bancorp has a payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings.

ESSA Bancorp Price Performance

Shares of NASDAQ:ESSA opened at $20.27 on Friday. The company has a 50 day moving average of $19.21 and a 200 day moving average of $18.23. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The stock has a market cap of $205.34 million, a P/E ratio of 11.32 and a beta of 0.37. ESSA Bancorp has a 12 month low of $15.29 and a 12 month high of $21.50.

About ESSA Bancorp

ESSA Bancorp, Inc operates as a bank holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts savings accounts, interest bearing demand accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts.