WaFd Raises Dividend 3.8%

Dow Jones

2025/02/12

By Stephen Nakrosis

WaFd raised quarterly its dividend to 27 cents per share from 26 cents.

The board of directors disclosed the increase in the quarterly payout on Tuesday, the company said. The new dividend is equal $1.08 on an annual basis. Based WaFd's latest closing share price of $30.69, the new payout represents a dividend yield of 3.5%.

The dividend will be payable on March 7 to shareholders of record as of Feb. 21, the company said. The company raised its dividend to 26 cents per share from 25 cents in February 2024.

WaFd is the parent company of Washington Federal Bank, which operates branches in Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas, New Mexico, and California.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

February 11, 2025 17:26 ET (22:26 GMT)

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The new dividend is equal $1.08 on an annual basis. Based WaFd's latest closing share price of $30.69, the new payout represents a dividend yield of 3.5%. \n</p>\n<p>\n  The dividend will be payable on March 7 to shareholders of record as of Feb. 21, the company said. 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