WaFd, Inc. (WAFD) To Go Ex-Dividend on May 22nd

WaFd, Inc. (NASDAQ:WAFD) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Friday, May 22nd will be paid a dividend of 0.27 per share by the bank on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 22nd.

WaFd has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. WaFd has a payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect WaFd to earn $3.43 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 31.5%.

WaFd Trading Down 1.6%

Shares of NASDAQ WAFD opened at $34.59 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $2.56 billion, a P/E ratio of 11.30 and a beta of 0.85. WaFd has a 1-year low of $26.31 and a 1-year high of $38.59. The business has a fifty day moving average price of $32.86 and a 200 day moving average price of $32.36.

WaFd (NASDAQ:WAFD) last announced its earnings results on Friday, April 17th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09. WaFd had a return on equity of 8.94% and a net margin of 18.25%.The company had revenue of $197.66 million for the quarter, compared to analyst estimates of $190.51 million. During the same period in the prior year, the company posted $0.17 EPS. Equities research analysts expect that WaFd will post 3.27 EPS for the current fiscal year.

WaFd Company Profile

Washington Federal, Inc, doing business as WaFd Bank, is a publicly traded bank holding company headquartered in Seattle, Washington. Through its subsidiary, WaFd Bank, the company provides a range of banking and financial services to individuals, small-to-medium enterprises, and commercial clients. Established in 1917 as Ballard Savings & Loan in Seattle, the institution expanded over decades to serve customers across the Western United States under the Washington Federal name and has operated as a public company since the early 1980s.

WaFd Bank’s core offerings encompass deposit accounts such as checking, savings, money market, and certificates of deposit, alongside consumer and commercial lending products.