WaFd, Inc. Increases Quarterly Cash Dividend to 27 Cents
WaFd, Inc. Dividend Announcement
Seattle – The Board of Directors at WaFd, Inc. (Nasdaq: WAFD) has announced an increase in its regular quarterly cash dividend, now set at 27 cents per share. This decision reflects the company’s ongoing commitment to enhancing shareholder value. The dividend payment is scheduled for March 7, 2025, payable to common shareholders of record as of February 21, 2025. This marks the Company’s 168th consecutive quarterly cash dividend.
Company Overview
WaFd, Inc. serves as the parent company of Washington Federal Bank, operating under the name WaFd Bank. It is a federally insured commercial bank chartered in Washington State that offers its services across multiple states, including Oregon, Idaho, Utah, Nevada, Arizona, Texas, New Mexico, and California. Established in 1917, WaFd Bank provides a variety of financial services, including consumer and commercial deposit accounts, loans for small to mid-sized enterprises, commercial real estate, residential mortgages, and insurance products through its subsidiaries.
Financial Performance
As of the latest reports, WaFd, Inc. operates 210 branches and boasts an impressive financial standing with total assets reported at $27.7 billion and deposits amounting to $21.4 billion, alongside shareholders’ equity totaling $3.0 billion. These figures underscore the solid foundation of the company as it continues to expand its presence and services within the banking sector.
Shareholder Insights
This increase in dividend not only demonstrates WaFd, Inc.'s dedication to benefitting its shareholders but also underscores the confidence the company has in its ongoing financial health and performance. Investors and stakeholders can be assured of the company's commitment to providing returns through steady dividends while maintaining robust growth.
Importance of Daily Financial Reporting
To enhance transparency, it is essential to closely observe the financial reports that WaFd, Inc. submits. This includes its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which detail performance metrics and important updates.
Future Prospects
Looking ahead, WaFd, Inc. is expected to continue leveraging its established market presence and growing customer base to enhance profitability and shareholder returns. The commitment to innovation in banking services will likely play a key role in attracting new clients and retaining existing ones in a competitive landscape.
Frequently Asked Questions
What is the new cash dividend rate announced by WaFd, Inc.?
WaFd, Inc. has announced an increase to its quarterly cash dividend to 27 cents per share.
When will the new dividend be paid?
The new dividend will be paid on March 7, 2025, to shareholders on record as of February 21, 2025.
How many consecutive quarterly dividends has WaFd, Inc. paid?
This will be the Company’s 168th consecutive quarterly cash dividend.
What services does WaFd Bank provide?
WaFd Bank offers a variety of financial services including consumer and commercial deposit accounts, financing for businesses, and real estate loans.
What are the latest financial metrics for WaFd, Inc.?
As of the latest data, WaFd, Inc. operates 210 branches with $27.7 billion in assets, $21.4 billion in deposits, and $3.0 billion in shareholders’ equity.
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