Washington Federal, Inc. (NASDAQ:WAFD) Announces $0.23 Quarterly Dividend

Washington Federal, Inc. (NASDAQ:WAFD) announced a quarterly dividend on Wednesday, April 28th, Wall Street Journal reports. Shareholders of record on Friday, May 7th will be paid a dividend of 0.23 per share by the bank on Friday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, May 6th.

Washington Federal has increased its dividend by 46.7% over the last three years and has increased its dividend annually for the last 1 consecutive years. Washington Federal has a payout ratio of 43.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Washington Federal to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 52.6%.

Shares of NASDAQ WAFD opened at $33.00 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $2.50 billion, a P/E ratio of 14.73 and a beta of 0.95. The firm’s fifty day moving average is $32.08 and its two-hundred day moving average is $27.90. Washington Federal has a 52-week low of $20.01 and a 52-week high of $34.00.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Monday, April 12th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). Washington Federal had a net margin of 24.41% and a return on equity of 7.59%. As a group, analysts forecast that Washington Federal will post 1.65 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Washington Federal from a “strong sell” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, January 21st.

Washington Federal Company Profile

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

Further Reading: Shanghai Stock Exchange Composite Index

Dividend History for Washington Federal (NASDAQ:WAFD)

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