Waterstone Financial to reduce dividend payment

Waterstone Financial announced a strategic decision to reduce its dividend payout as part of a broader initiative to optimize capital allocation. The company said, “This move is aimed at enhancing shareholder value through stock buybacks, which we believe will generate long-term benefits for both Waterstone and its shareholders. The board of directors declared a quarterly dividend of 15c per common share.” The dividend will be payable November 1 to shareholders of record at the close of business on October 9.