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

WaFd, Inc. (NASDAQ:WAFD) declared a quarterly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 21st will be given a dividend of 0.27 per share by the bank on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 21st.

WaFd has increased its dividend 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 dividend payout ratio of 35.8% indicating that 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 0.1%

WAFD stock traded up $0.03 during mid-day trading on Wednesday, hitting $30.59. 236,508 shares of the company were exchanged, compared to its average volume of 539,993. WaFd has a 12-month low of $23.75 and a 12-month high of $38.62. The firm has a market capitalization of $2.41 billion, a P/E ratio of 11.59 and a beta of 0.89. The business has a fifty day simple moving average of $30.13 and a 200-day simple moving average of $29.81. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.64.

WaFd (NASDAQ:WAFD) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $169.23 million for the quarter. WaFd had a net margin of 16.02% and a return on equity of 8.40%. On average, equities research analysts predict that WaFd will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. DA Davidson upped their price target on WaFd from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Piper Sandler boosted their price objective on WaFd from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of WaFd in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their target price on WaFd from $32.00 to $31.00 and set a “market perform” rating for the company in a research report on Monday, October 20th. Finally, Wall Street Zen lowered shares of WaFd from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

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.