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

WaFd, Inc. (NASDAQ:WAFD) announced a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Friday, February 13th will be given a dividend of 0.27 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th.

WaFd has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. 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

NASDAQ:WAFD traded up $0.53 during mid-day trading on Wednesday, hitting $33.85. The company’s stock had a trading volume of 140,236 shares, compared to its average volume of 565,993. The business’s fifty day moving average is $32.62 and its two-hundred day moving average is $31.13. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 11.73 and a beta of 0.86. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.95 and a quick ratio of 0.96. WaFd has a 1 year low of $23.75 and a 1 year high of $34.29.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Friday, January 16th. The bank reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). The company had revenue of $188.32 million during the quarter, compared to analyst estimates of $193.36 million. WaFd had a net margin of 17.45% and a return on equity of 8.67%. Analysts anticipate that WaFd will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WAFD shares. Piper Sandler decreased their target price on shares of WaFd from $33.50 to $30.50 and set a “neutral” rating for the company in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WaFd in a report on Monday, December 29th. Wall Street Zen lowered shares of WaFd from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada set a $34.00 price target on WaFd in a research note on Tuesday, January 20th. Finally, Keefe, Bruyette & Woods raised their price objective on WaFd from $31.00 to $34.00 and gave the company a “market perform” rating in a report on Tuesday, January 20th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.90.

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.