WaFd, Inc. (NASDAQ:WAFD) Declares Quarterly Dividend of $0.27

Key Points

• WaFd, Inc. has declared a quarterly dividend of $0.27 per share, which will be distributed to investors of record on August 22nd, with payment scheduled for September 5th, reflecting an annual yield of 3.5%.
• The company's current payout ratio stands at 35.8%, indicating that the dividend is well-supported by earnings; projected earnings for the next year are expected to be $2.91 per share.
• WaFd's stock is trading at $30.86 with a market capitalization of $2.43 billion, and it has seen a twelve-month price range between $23.75 and $38.62.

WaFd, Inc. (NASDAQ:WAFD - Get Free Report) announced a quarterly dividend on Tuesday, August 12th, RTT News reports. Investors of record on Friday, August 22nd will be given a dividend of 0.27 per share by the bank on Friday, September 5th. This represents a c) dividend on an annualized basis and a yield of 3.5%.

WaFd has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WaFd to earn $2.91 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 37.1%.

WaFd Stock Performance

WAFD stock traded up $0.37 during trading on Wednesday, reaching $30.86. 144,250 shares of the stock were exchanged, compared to its average volume of 563,538. WaFd has a twelve month low of $23.75 and a twelve month high of $38.62. The company has a market capitalization of $2.43 billion, a P/E ratio of 11.73 and a beta of 0.90. The stock has a 50 day simple moving average of $29.52 and a 200-day simple moving average of $28.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.71.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.06. The company had revenue of $186.26 million for the quarter, compared to the consensus estimate of $184.47 million. WaFd had a return on equity of 8.57% and a net margin of 15.57%. As a group, sell-side analysts anticipate that WaFd will post 2.56 earnings per share for the current year.

WaFd Company Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

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