Walker & Dunlop Raises Quarterly Dividend 1.5% to $0.68 Per Share
Walker & Dunlop, Inc., a commercial real estate finance company, declared a first quarter dividend of $0.68 per share, up from $0.67 in 2025. The dividend marks a 172% increase since the company initiated its payout in 2018.
Walker & Dunlop, Inc. (NYSE: WD), a commercial real estate finance company, declared a first quarter 2026 dividend of $0.68 per share, a 1.5% increase over the company's 2025 quarterly dividend. The board approved the dividend on February 25, 2026. Read more dividend announcements.
The dividend represents a 172% increase since Walker & Dunlop first initiated its dividend program in 2018. The company attributed the decision to recurring cash revenues generated by its $144 billion loan servicing portfolio and balance sheet strength.
| Dividend Details | Information |
|---|---|
| Amount | $0.68 per share |
| Record Date | March 13, 2026 |
| Payment Date | March 27, 2026 |
| Frequency | Quarterly |
| Previous Amount | $0.67 per share |
The dividend will be paid to all holders of record of the company's restricted and unrestricted common stock as of the record date.
Full-Year 2025 Financial Results
Walker & Dunlop reported full-year 2025 revenues of $1.2 billion, up 9% from 2024. Net income totaled $56.2 million, or $1.64 per diluted share, down 48% and 49% respectively from the prior year.
The company reported adjusted EBITDA of $262.6 million, down 20% from 2024. Adjusted core earnings per share declined 30% to $3.50.
Total transaction volume for 2025 reached $18.3 billion, a 36% increase year over year. The company closed the year with $299 million in cash and cash equivalents.
Fourth Quarter Performance
The company reported a diluted loss per share of $0.41 in the fourth quarter of 2025. Adjusted EBITDA decreased to $38.8 million, while adjusted core EPS fell to $0.28.
Fourth quarter results included $66.2 million in expenses related primarily to impairment charges and other losses on underperforming assets the company plans to sell in 2026, as well as operating costs and losses from indemnified and repurchased loans. Most of the impairment charges and other losses were non-cash items.
Fourth quarter transaction volume grew to $18 billion, up from $7 billion in the first quarter of 2025, representing 161% sequential growth throughout the year.
Market Position
Walker & Dunlop finished 2025 as the number one Fannie Mae DUS lender, the third-largest Freddie Mac Optigo lender, the second-largest combined GSE loan originator, and the fourth-largest multifamily property sales broker in the United States.
Share Repurchase Program
On February 13, 2026, Walker & Dunlop's board authorized the repurchase of up to $75.0 million of the company's outstanding common stock over a 12-month period beginning February 26, 2026. The company did not repurchase any shares under its previous $75.0 million authorization announced in February 2025.