WaFd, Inc. (NASDAQ:WAFD) Plans Quarterly Dividend of $0.27

WaFd, Inc. (NASDAQ:WAFD) declared a quarterly dividend on Tuesday, November 10th. Investors 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 yield of 3.7%. The ex-dividend date is Friday, November 20th.

WaFd has a dividend payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 0.8%

WAFD stock traded down $0.23 during trading on Wednesday, hitting $29.21. 27,332 shares of the stock traded hands, compared to its average volume of 727,593. WaFd has a 1 year low of $28.10 and a 1 year high of $39.49. The firm’s 50 day moving average is $30.95 and its two-hundred day moving average is $33.84. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 9.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.94 and a quick ratio of 0.92.

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

Hedge Funds Weigh In On WaFd

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of WaFd in the second quarter worth approximately $413,410,000. Bank of America Corp DE purchased a new stake in WaFd during the second quarter valued at approximately $34,655,000. Bank of New York Mellon Corp bought a new position in WaFd in the second quarter worth approximately $26,489,000. Empowered Funds LLC bought a new position in WaFd in the second quarter worth approximately $13,371,000. Finally, Legal & General Group Plc bought a new position in WaFd in the second quarter worth approximately $6,561,000. Institutional investors own 83.71% of the company’s stock.

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.