The Board of Directors of WaFd, Inc. (Nasdaq: WAFD) has declared a rise in the regular quarterly cash dividend to 26 cents per share. The dividend is scheduled to be disbursed on March 8, 2024, to common shareholders recorded as of February 23, 2024. This marks the Company’s 164th consecutive quarterly cash dividend.
WaFd, Inc. operates as the parent company of Washington Federal Bank, a federally insured Washington state chartered commercial bank, also known as WaFd Bank, with branches across Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas, and New Mexico. Established in 1917, the bank offers consumer and commercial deposit accounts, financing for small- to middle-market businesses, commercial and residential real estate loans, including mortgages and home equity lines of credit, and insurance products through its subsidiary. As of December 31, 2023, the Company managed 198 branches and reported assets of $22.6 billion, with $16.0 billion in deposits and $2.5 billion in shareholders’ equity.
Important Cautionary Statements:
This information should be reviewed alongside the financial statements, notes, and additional details included in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Statements in this press release regarding the Company’s future performance or financial condition are considered “forward-looking statements” as defined by federal law. These statements are based on current information the Company has regarding its present business circumstances. While the Company believes these statements are grounded in reasonable assumptions, there is no guarantee that actual outcomes will not differ materially.
These statements are made in reliance on the “safe harbor” protections provided under the Private Securities Litigation Reform Act of 1995. Further information about risks and other factors that could lead to significant changes in the Company’s performance or financial condition is available in the Company’s annual and quarterly reports filed with the SEC, including under “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended September 30, 2023.
