Washington Federal Announces 4.5% Increase in its Cash Dividend to 23 Cents Per Share

Rhea-AI Summary

The Board of Directors of Washington Federal, Inc. (Nasdaq: WAFD) has declared a quarterly cash dividend of 23 cents per share, marking a $0.01 increase from the previous quarter. This dividend will be distributed on February 19, 2021, to stockholders of record as of February 5, 2021. This payment will be the company's 152nd consecutive quarterly cash dividend.

Washington Federal operates 234 branches across several states and reported $19.1 billion in assets as of December 31, 2020.

Positive

• Quarterly cash dividend increased by $0.01 to 23 cents per share, reflecting company confidence.
• 152nd consecutive quarterly cash dividend indicates consistent financial performance.
• Strong asset base of $19.1 billion enhances shareholder value.

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, a $0.01 increase from the prior quarter. The dividend will be paid February 19^th, 2021 to common stockholders of record as of February 5^th, 2021. This will be Washington Federal’s 152nd 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 December 31, 2020, the Company reported $19.1 billion in assets, $14.2 billion in deposits and $2.1 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 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/20210126006009/en/

FAQ

What is the dividend amount declared by Washington Federal (WAFD) for February 2021?

Washington Federal has declared a dividend of 23 cents per share for February 2021.

When will the dividend for Washington Federal (WAFD) be paid?

The dividend will be paid on February 19, 2021.

What is the record date for the dividend payment by Washington Federal (WAFD)?

The record date for the dividend payment is February 5, 2021.

How many consecutive quarterly dividends has Washington Federal (WAFD) paid?

Washington Federal has paid 152 consecutive quarterly cash dividends.

What are the total assets reported by Washington Federal (WAFD)?

As of December 31, 2020, Washington Federal reported total assets of $19.1 billion.