About Westell Technologies, Inc. (WSTL) — Dividend Analysis 2026
Westell Technologies, Inc., through its subsidiary, Westell, Inc., designs, manufactures, and distributes telecommunications products to telephone companies in the United States. It operates through three segments: In-Building Wireless (IBW), Intelligent Site Management (ISM), and Communications Network Solutions (CNS). The IBW segment provides indoor distributed antenna systems (DAS); DAS conditioners and digital repeaters; class A and B repeaters, class A/B fiber DAS systems, and battery backup units; and system components and antennas for cellular services and public safety markets. The ISM segment offers a suite of remote units, which provide machine-to-machine communications that enable operators to remotely monitor, manage, and control site infrastructure and support systems, as well as support and deployment services. The CNS segment provides a range of indoor and outdoor network infrastructure, such as integrated cabinets, power distribution products, copper and fiber network connectivity products, fiber access products, and T1 network interface units. Westell Technologies, Inc. was incorporated in 1980 and is headquartered in Aurora, Illinois.
Is WSTL a good dividend investment in 2026?
WSTL offers a 34.01% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
WSTL DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your WSTL portfolio grows to $8.98M vs $6.33M without reinvestment. This is the compound interest effect in action.
WSTL dividend growth history & forecast
WSTL has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 34.01%.
Company generates negative FCF ($-1M) — borrowing to pay dividends
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → +0.0B → +0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 WSTL Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold WSTL.
Gross yield
34.01%
Tax rate
15.00%
After-tax yield
28.91%
Real yield (−CPI)
26.11%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
34.01%
31.21%
$3,401 / yr
🇺🇸 US Taxable (15%) ✓
15%
28.91%
26.11%
$2,891 / yr
🇺🇸 US Taxable (20%)
20%
27.21%
24.41%
$2,721 / yr
🇬🇧 UK ISA
0%
34.01%
31.21%
$3,401 / yr
🇬🇧 UK Taxable
8.75%
31.03%
28.23%
$3,103 / yr
🇨🇦 TFSA
0%
34.01%
31.21%
$3,401 / yr
🇨🇦 CA Taxable
25%
25.51%
22.71%
$2,551 / yr
🇦🇺 Super (pension)
15%
28.91%
26.11%
$2,891 / yr
🇦🇺 AU Taxable
30%
23.81%
21.01%
$2,381 / yr
🇩🇪 DE Taxable
26.375%
25.04%
22.24%
$2,504 / yr
🇫🇷 FR Taxable
30%
23.81%
21.01%
$2,381 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 WSTL Income Goal & Break-Even
Dividend Break-Even
4yr
Years for dividends to fully repay your WSTL investment of $5.88/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$36.9K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$34.4K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in WSTL for:
Shares needed
14,118
Capital required
$83,014
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 WSTL Dividend Payment Schedule
WSTL pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 WSTL vs Technology Benchmarks
How WSTL compares to typical Technology averages.
Benchmark: Technology
Dividend Yield▲+32.61% vs sectorBetter
WSTL
34.01%
avg
1.40%
5Y Dividend CAGR▼-9.40% vs sectorBelow avg
WSTL
0.00%
avg
9.40%
Payout Ratio▼+22.00% vs sectorBelow avg
WSTL
50.00%
avg
28.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for WSTL sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ WSTL Insider Activity
▲ 3 Buys
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
Brannock Kirk R
director
A-Award
2020-09-29
4,032
—
—
CHANDLER SCOTT C
director
A-Award
2020-09-29
4,032
—
—
Foskett Robert W
director, 10 percent owner:
A-Award
2020-09-29
4,032
—
—
PENNY ROBERT C III
director, 10 percent owner:
A-Award
2020-09-29
4,032
—
—
Wood Cary B
director
A-Award
2020-09-29
4,032
—
—
Zorko Mark A
director
A-Award
2020-09-29
4,032
—
—
Duitsman Timothy L
director, officer: President & CEO
Buy
2020-08-27
12,299
$1.07
$13.1K
Duitsman Timothy L
director, officer: President & CEO
Buy
2020-08-26
4,599
$1.07
$4.9K
Duitsman Timothy L
director, officer: President & CEO
Buy
2020-08-25
6,102
$1.06
$6.5K
Duitsman Timothy L
director, officer: President & CEO
A-Award
2020-08-26
4,599
$1.07
$4.9K
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
📅
Next Earnings Report: 2026-05-22(in 51 days)
🔬
Financial Health Scores
Altman Z-Score
-0.18
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
7/9
✅ Strong fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
🌍
Geographic Revenue Breakdown
Where WSTL earns its money
international generation100%
Revenue breakdown from latest annual report via FMP. Percentages may not sum to 100% due to rounding.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the WSTL dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →