WaFd, Inc (WAFD) To Go Ex-Dividend on February 21st

WaFd, Inc (NASDAQ:WAFD) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors 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 yield of 3.60%. The ex-dividend date is Friday, February 21st. This is a positive change from WaFd’s previous quarterly dividend of $0.26.

WaFd has raised its dividend payment by an average of 4.2% per year over the last three years. WaFd has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect WaFd to earn $2.94 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 36.7%.

WaFd Trading Up 0.7 %

NASDAQ WAFD opened at $29.99 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $31.55 and a two-hundred day simple moving average of $34.01. WaFd has a 12-month low of $25.78 and a 12-month high of $38.62. The stock has a market cap of $2.45 billion, a P/E ratio of 13.82 and a beta of 0.85.

Wall Street Analyst Weigh In

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