WaFd Bank Announces 167th Consecutive Dividend, Reinforcing Commitment to Shareholder Returns

WaFd Bank Continues Tradition of Stability with 167th Consecutive Dividend

WaFd, Inc. (Nasdaq: WAFD), the parent company of Washington Federal Bank, reinforces its commitment to shareholder returns by announcing a regular cash dividend of 26 cents per share, scheduled for payment on December 6, 2024. This milestone marks the company’s 167th consecutive quarterly cash dividend, underscoring WaFd's long-standing practice of providing consistent financial rewards to its investors. The upcoming dividend will be accessible to common shareholders who are on record by November 22, 2024, further demonstrating the company's dedication to maintaining a reliable income stream for its stakeholders.

Operating under the name WaFd Bank, the company has established a robust presence across several states, including Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas, New Mexico, and California. Since its inception in 1917, WaFd Bank has evolved into a significant player in the banking industry, offering a wide array of services. These include consumer and commercial deposit accounts, financing solutions for small to middle-market businesses, and various real estate products. As of September 30, 2024, WaFd, Inc. showcases impressive financial health, with total assets reported at $28.1 billion, deposits reaching $21.4 billion, and shareholders’ equity of $3.0 billion, all supported by a network of 210 branches.

The company’s strategic approach emphasizes transparency and accountability, particularly in its forward-looking statements concerning future performance. WaFd, Inc. notes that while these statements are based on reasonable assumptions and current information, they carry inherent uncertainties that could lead to significant variations in actual results. As such, the company encourages stakeholders to thoroughly review its financial statements, risk factors, and the details outlined in its Annual Report on Form 10-K and other SEC filings. This proactive communication reflects WaFd's commitment to ensuring that investors remain well-informed regarding potential risks and the overall health of the institution.

In addition to its dividend announcement, WaFd Bank remains focused on expanding its service offerings to better meet the needs of its diverse clientele. The bank’s extensive portfolio positions it to cater effectively to both consumer and commercial markets. As the financial landscape continues to evolve, WaFd Bank's longstanding tradition of stability and commitment to shareholder value highlights its resilience and adaptability in a competitive industry. For more detailed information about WaFd Bank, stakeholders can access the company's official website at www.wafdbank.com.