Exhibit 99.1
WATERSTONE FINANCIAL, INC.
WATERSTONE BANK
11200 W. PLANK CT.
WAUWATOSA, WI 53226
Contact:
Mark R. Gerke
Chief Financial Officer
414.459.4012
markgerke@wsbonline.com
FOR IMMEDIATE RELEASE
WATERSTONE FINANCIAL DECLARES SPECIAL DIVIDEND
Wauwatosa, Wis. — 2/25/2020 — On February 25, 2020 the Board of Directors of Waterstone Financial, Inc. (NASDAQ: WSBF) declared a special dividend of $0.50 per common share.
"This dividend reflects both our successful operating results during 2019, as well as our strong financial condition," said Doug Gordon, CEO of Waterstone Financial, Inc. “The payment of a special dividend for a fourth consecutive year demonstrates our commitment to delivering shareholder value and our continued efforts to actively manage our capital.”
The dividend is payable on April 2,2020, to shareholders of record at the close of business on March 11, 2020.
About Waterstone Financial, Inc.
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