Washington Federal Announces 23 Cent Per Share Cash Dividend

Rhea-AI Summary

Washington Federal, Inc. (Nasdaq: WAFD) announced a quarterly cash dividend of 23 cents per share, to be paid on May 21, 2021. This marks the company's 153rd consecutive quarterly dividend. As of March 31, 2021, the bank reported $19.5 billion in assets, $14.8 billion in deposits, and $2.3 billion in shareholders’ equity. The bank operates 232 branches across several states, focusing on consumer and commercial financial services.

Positive

• Declaration of a quarterly cash dividend of 23 cents per share, enhancing shareholder income.
• 153 consecutive quarterly cash dividends reflect the company's consistent performance and commitment to returning value to shareholders.
• Strong financials with $19.5 billion in assets and $2.3 billion in shareholders’ equity indicate a solid foundation for growth.

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 May 21^st, 2021 to common shareholders of record as of May 7^th, 2021. This will be Washington Federal’s 153rd consecutive quarterly cash dividend.

Washington Federal, Inc. is the parent company of Washington Federal Bank, a national bank that operates 232 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 March 31, 2021, the Company reported $19.5 billion in assets, $14.8 billion in deposits and $2.3 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/20210427005970/en/

FAQ

What is the dividend amount and payment date for WAFD?

Washington Federal, Inc. declared a quarterly cash dividend of 23 cents per share, payable on May 21, 2021.

How many consecutive dividends has WAFD paid?

Washington Federal has paid 153 consecutive quarterly cash dividends.

What are Washington Federal's total assets as of March 31, 2021?

As of March 31, 2021, Washington Federal reported total assets of $19.5 billion.

What is the significance of the dividend for WAFD shareholders?

The dividend signifies Washington Federal's commitment to providing income to shareholders and reflects its strong financial health.