WaFd, Inc (NASDAQ:WAFD) to Issue Quarterly Dividend of $0.27

WaFd, Inc (NASDAQ:WAFD) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.27 per share by the bank on Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Friday, February 21st. This is an increase from WaFd’s previous quarterly dividend of $0.26.

WaFd has increased its dividend by an average of 4.2% annually over the last three years. WaFd has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect WaFd to earn $3.00 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 34.7%.

WaFd Price Performance

Shares of WaFd stock opened at $29.46 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The stock’s 50-day simple moving average is $32.05 and its 200-day simple moving average is $34.16. WaFd has a 52 week low of $25.78 and a 52 week high of $38.62. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 13.58 and a beta of 0.85.

Analysts Set New Price Targets

Several analysts have commented on WAFD shares. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. DA Davidson lowered shares of WaFd from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Piper Sandler cut their target price on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Stephens restated an “equal weight” rating and issued a $38.00 price target on shares of WaFd in a report on Friday, January 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, According to MarketBeat, WaFd has an average rating of “Hold” and a consensus target price of $33.75.

WaFd Company Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.