Washington Federal Announces 23 Cent Per Share Cash Dividend

Rhea-AI Summary

Washington Federal, Inc. (Nasdaq: WAFD) has announced a quarterly cash dividend of 23 cents per share, payable on August 20, 2021, to shareholders of record by August 6, 2021. This marks the 154th consecutive quarterly cash dividend for the company. As of June 30, 2021, Washington Federal operates 224 branches across several states, reporting $19.6 billion in assets, $15.2 billion in deposits, and $2.2 billion in shareholders’ equity. The bank, founded in 1917, offers a range of consumer and commercial banking services.

Positive

• Quarterly cash dividend of 23 cents per share enhances shareholder income.
• 154th consecutive quarterly cash dividend reflects strong financial stability.
• Reported $19.6 billion in assets and $15.2 billion in deposits as of June 30, 2021.

Negative

• None.

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 23 cents per share. The dividend will be paid August 20^th, 2021 to common shareholders of record as of August 6^th, 2021. This will be Washington Federal’s 154^th consecutive quarterly cash dividend.

Washington Federal, Inc. is the parent company of Washington Federal Bank, a national bank that operates 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 June 30, 2021, the Company operated 224 branches and reported $19.6 billion in assets, $15.2 billion in deposits and $2.2 billion in shareholders’ 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 2020 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005944/en/

FAQ

What is the dividend amount announced by Washington Federal (WAFD) in 2021?

Washington Federal announced a quarterly cash dividend of 23 cents per share.

When will the dividend be paid to shareholders of WAFD?

The dividend will be paid on August 20, 2021, to shareholders of record as of August 6, 2021.

How many consecutive quarterly dividends has WAFD paid?

Washington Federal has paid its 154th consecutive quarterly cash dividend.

What are the total assets and deposits reported by WAFD as of June 30, 2021?

As of June 30, 2021, Washington Federal reported $19.6 billion in assets and $15.2 billion in deposits.