Washington Federal Announces 23 Cent Per Share Cash Dividend

Rhea-AI Summary

Washington Federal, Inc. (Nasdaq: WAFD) has declared a quarterly cash dividend of 23 cents per share, set to be paid on November 19, 2021, to shareholders on record as of November 5, 2021. This marks the 155th consecutive quarterly dividend for the company. As of September 30, 2021, Washington Federal reported $19.7 billion in assets, $15.5 billion in deposits, and $2.1 billion in shareholders’ equity. The dividend reflects the company's ongoing commitment to returning capital to its investors.

Positive

• Quarterly cash dividend of 23 cents per share reinforces shareholder value.
• Company has consistently paid dividends for 155 consecutive quarters.

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 23 cents per share. The dividend will be paid November 19^th, 2021 to common shareholders of record as of November 5^th, 2021. This will be Washington Federal’s 155^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 September 30, 2021, the Company operated 219 branches and reported $19.7 billion in assets, $15.5 billion in deposits and $2.1 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/20211026006213/en/

Washington Federal, Inc.

425 Pike Street, Seattle, WA 98101

Brad Goode, SVP, Chief Marketing Officer

206-626-8178

Brad.Goode@wafd.com

Source: Washington Federal, Inc.

FAQ

What is the date for the upcoming dividend payment for WAFD?

The dividend payment for WAFD is scheduled for November 19, 2021.

How much is the cash dividend declared by WAFD?

Washington Federal has declared a cash dividend of 23 cents per share.

What is the record date for WAFD's dividend?

The record date for WAFD's dividend is November 5, 2021.

How long has WAFD been paying dividends?

Washington Federal has paid dividends for 155 consecutive quarters.

What are the total assets of WAFD as of September 30, 2021?

As of September 30, 2021, Washington Federal reported total assets of $19.7 billion.