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. Investors 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 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Monday, December 16th.

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

ESSA Bancorp Price Performance

ESSA opened at $20.30 on Friday. The company has a market capitalization of $205.64 million, a price-to-earnings ratio of 11.40 and a beta of 0.37. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $19.25 and a 200-day moving average price of $18.24. ESSA Bancorp has a twelve month low of $15.29 and a twelve 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.