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

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. Shareholders of record on Friday, August 22nd will be paid a dividend of 0.27 per share by the bank on Friday, September 5th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 22nd.

WaFd has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.4%

Shares of NASDAQ:WAFD traded up $0.13 during midday trading on Monday, hitting $30.70. The company had a trading volume of 295,520 shares, compared to its average volume of 562,433. 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 has a 12 month low of $23.75 and a 12 month high of $38.62. The firm has a fifty day simple moving average of $29.66 and a 200 day simple moving average of $28.95. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 11.67 and a beta of 0.90.

WaFd (NASDAQ:WAFD - Get Free Report) last released its earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. The firm had revenue of $186.26 million for the quarter, compared to analyst estimates of $184.47 million. WaFd had a return on equity of 8.57% and a net margin of 15.57%. On average, analysts predict that WaFd will post 2.56 EPS for the current year.

About WaFd

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.