WaFd, Inc. Announces Increase in Cash Dividend for the 168th Consecutive Quarter
Seattle, WA – The Board of Directors of WaFd, Inc. (Nasdaq: WAFD) has made an exciting announcement. The company, which is the parent organization of WaFd Bank, a federally insured commercial bank based in Washington state, has decided to increase its regular quarterly cash dividend to 27 cents per share.
Impact on WaFd, Inc. Shareholders
The dividend will be distributed on March 7, 2025, to common shareholders of record as of February 21, 2025. This marks the 168th consecutive quarterly cash dividend for WaFd, Inc. This increase comes as a sign of the company’s financial stability and commitment to its shareholders. For an investor holding 1,000 shares, the dividend would amount to $2,700.
Global Implications
The decision by WaFd, Inc. to increase its dividend has potential ripple effects on the global financial market. Companies that consistently pay dividends, especially those with long-standing records like WaFd, Inc., are often seen as financially stable and attractive to investors. This can lead to increased demand for the company’s stock and a stronger economy as a whole.
Additional Information
WaFd, Inc.’s dedication to its shareholders doesn’t stop at dividends. The company has also reported strong financial results, with net income of $127.4 million for the third quarter of 2024. This represents a 13% increase from the same period in 2023.
Conclusion
The announcement of WaFd, Inc.’s increased cash dividend marks a significant milestone for the company and its shareholders. With a long-standing history of consistent dividend payments, WaFd, Inc. continues to demonstrate its financial stability and commitment to its investors. This decision not only benefits the shareholders but also has potential global implications, contributing to a stronger financial market and economy.
- WaFd, Inc. increases cash dividend to 27 cents per share
- Dividend payable on March 7, 2025, to common shareholders of record as of February 21, 2025
- 168th consecutive quarterly cash dividend for WaFd, Inc.
- Strong financial results with net income of $127.4 million for Q3 2024
- Impact on shareholders and global financial market
