Walker & Dunlop Inc.'s board has initiated a quarterly dividend of 25 cents per share.
The dividend is payable March 7 to stockholders of record as of Feb. 23. The company expects to be able to raise the dividend over time.
The company's board also authorized the repurchase of up to $50.0 million of the company's outstanding common stock over a one-year period.
Walker & Dunlop also reported fourth-quarter 2017 net income attributable to the company of $99.0 million, or $3.06 per share, compared to $36.8 million, or $1.16 per share, in the year-ago quarter.
