WaFd, Inc (NASDAQ:WAFD) to Issue Quarterly Dividend of $0.27

WaFd, Inc (NASDAQ:WAFD) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.27 per share by the bank on Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from WaFd’s previous quarterly dividend of $0.26.

WaFd has raised its dividend payment by an average of 4.2% per year over the last three years. WaFd has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WaFd to earn $3.00 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 34.7%.

WaFd Trading Down 4.0 %

Shares of WAFD stock traded down $1.23 on Wednesday, reaching $29.46. 538,862 shares of the stock were exchanged, compared to its average volume of 540,591. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.08. WaFd has a one year low of $25.78 and a one year high of $38.62. The stock has a market cap of $2.40 billion, a PE ratio of 13.58 and a beta of 0.85. The stock has a 50 day moving average price of $32.05 and a 200 day moving average price of $34.16.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Stephens reissued an “equal weight” rating and set a $38.00 price objective on shares of WaFd in a report on Friday, January 17th. Keefe, Bruyette & Woods dropped their price target on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. DA Davidson cut shares of WaFd from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Piper Sandler reduced their price target on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.75.

WaFd Company Profile

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.