WaFd, Inc. (WAFD) to Issue Quarterly Dividend of $0.27 on December 4th

WaFd, Inc. (NASDAQ:WAFD) declared a quarterly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.27 per share by the bank on Friday, December 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, November 20th.

WaFd has a dividend payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect WaFd to earn $3.62 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 29.8%.

WaFd Stock Down 0.2%

NASDAQ WAFD opened at $29.37 on Thursday. The business has a fifty day moving average price of $30.83 and a 200 day moving average price of $33.82. WaFd has a one year low of $28.10 and a one year high of $39.49. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.92 and a current ratio of 0.94. The company has a market cap of $2.17 billion, a P/E ratio of 9.09 and a beta of 0.90.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data on Friday, October 16th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $220.44 million during the quarter, compared to the consensus estimate of $203.66 million. WaFd had a net margin of 18.04% and a return on equity of 9.37%. Research analysts anticipate that WaFd will post 3.30 EPS for the current fiscal year.

About WaFd

WaFd, Inc. is the bank holding company for WaFd Bank, a regional financial institution serving individuals, businesses and organizations. The bank offers deposit accounts, including checking and savings, as well as consumer and commercial lending, mortgage services and cash management. Its lending activities include residential mortgages and loans to businesses, including commercial real estate financing. WaFd Bank operates across the western United States, with a presence in states including Washington, Oregon, Idaho, Arizona, Nevada, Utah, New Mexico and Texas.