WaFd, Inc. (NASDAQ:WAFD) Shares to Pay Quarterly Dividend of $0.27

WaFd, Inc. (NASDAQ:WAFD) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.27 per share by the bank on Friday, December 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 20th.

WaFd has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WaFd to earn $3.62 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.8%.

WaFd Trading Down 0.8%

Shares of WAFD stock traded down $0.23 on Wednesday, hitting $29.21. 27,332 shares of the company’s stock traded hands, compared to its average volume of 727,593. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 9.10 and a beta of 0.90. The company’s fifty day simple moving average is $30.95 and its 200 day simple moving average is $33.84. WaFd has a one year low of $28.10 and a one year high of $39.49. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.92 and a current ratio of 0.94.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Friday, October 16th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. WaFd had a return on equity of 9.37% and a net margin of 18.04%. The firm had revenue of $220.44 million for the quarter, compared to analysts’ expectations of $203.66 million. Equities analysts forecast that WaFd will post 3.30 EPS for the current year.

WaFd Company Profile

WaFd, Inc. is the bank holding company for WaFd Bank, a regional financial institution serving individuals, businesses and organizations. The bank offers deposit accounts, including checking and savings, as well as consumer and commercial lending, mortgage services and cash management. Its lending activities include residential mortgages and loans to businesses, including commercial real estate financing. WaFd Bank operates across the western United States, with a presence in states including Washington, Oregon, Idaho, Arizona, Nevada, Utah, New Mexico and Texas.