FS Bancorp (FSBW) Hikes Dividend, Announces $5M Buyback Plan

Notably, the company has been paying quarterly cash dividends for 46 quarters. Currently, FSBW's payout ratio is 22% of its earnings. This indicates that it retains adequate earnings for reinvestment and future growth initiatives while still delivering decent returns to its shareholders. Before the recent hike, in January 2024, FS Bancorp hiked its quarterly dividend by 4% to 26 cents per share. Before this, FSBW announced a repurchase plan in April 2022, authorizing the repurchase of $10 million worth of s ...