Washington Federal Announces 22 Cent Per Share Cash Dividend

Rhea-AI Summary

Washington Federal, Inc. (Nasdaq: WAFD) has announced a regular quarterly cash dividend of 22 cents per share, set to be paid on November 20, 2020, to common stockholders of record as of November 6, 2020. This marks the company's 151st consecutive quarterly cash dividend. As of September 30, 2020, Washington Federal reported total assets of $18.8 billion, with $13.8 billion in deposits and $2.0 billion in stockholders’ equity.

Positive

• Quarterly cash dividend of 22 cents per share boosts shareholder income.
• 151st consecutive quarterly cash dividend indicates consistent profitability.
• Strong financial position with $18.8 billion in assets and $13.8 billion in deposits.

Negative

• None.

SEATTLE--(BUSINESS WIRE)--Today, the Board of Directors of Washington Federal, Inc. (Nasdaq: WAFD) (the “Company”), parent company of Washington Federal Bank, National Association “WaFd Bank” announced a regular quarterly cash dividend of 22 cents per share. The dividend will be paid November 20^th, 2020 to common stockholders of record as of November 6^th, 2020. This will be Washington Federal’s 151st consecutive quarterly cash dividend.

Washington Federal, Inc. is the parent company of Washington Federal Bank, a national bank that operates 234 branches in Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas and New Mexico. Established in 1917, the bank provides consumer and commercial deposit accounts, financing for small to middle market businesses, commercial real estate and residential real estate, including consumer mortgages, home equity lines of credit and insurance products through a subsidiary. As of September 30, 2020, the Company reported $18.8 billion in assets, $13.8 billion in deposits and $2.0 billion in stockholders’ equity.

Important Cautionary Statements

The foregoing information should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2019 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

This press release contains statements about the Company’s future that are not statements of historical fact. These statements are “forward looking statements” for purposes of applicable securities laws and are based on current information and/or management's good faith belief as to future events. The words “believe,” “expect,” “anticipate,” “project,” and similar expressions signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance. By their nature, forward-looking statements involve inherent risk and uncertainties, which change over time; and actual performance could differ materially from those anticipated by any forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement.

To find out more about WaFd Bank, please visit our website www.wafdbank.com. WaFd Bank uses its website to distribute financial and other material information about the Company.