Washington Federal Announces Cash Dividend of 24 Cents Per Share
11 May 2022 - 7:00AM
Business Wire
Today, the Board of Directors of Washington Federal, Inc.
(Nasdaq: WAFD) (the “Company”), parent company of Washington
Federal Bank, “WaFd Bank” announced a regular quarterly cash
dividend of 24 cents per share. The dividend will be paid June 3,
2022, to common shareholders of record as of May 20, 2022. This
will be Washington Federal’s 157th consecutive quarterly cash
dividend.
Washington Federal, Inc. is the parent company of Washington
Federal Bank, a federally-insured Washington state chartered
commercial bank dba WaFd Bank that operates branches in Washington,
Oregon, Idaho, Utah, Nevada, Arizona, Texas and New Mexico.
Established in 1917, the bank provides consumer and commercial
deposit accounts, financing for small- to middle-market businesses,
commercial real estate and residential real estate, including
consumer mortgages, home equity lines of credit and insurance
products through a subsidiary. As of March 31, 2022, the Company
operated 214 branches and reported $20.6 billion in assets, $16.4
billion in deposits and $2.2 billion in shareholders’ equity.
Important Cautionary
Statements
The foregoing information should be read in conjunction with the
financial statements, notes and other information contained in the
Company’s 2021 Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. This press release
contains statements about the Company’s future that are not
statements of historical or current fact. These statements are
“forward looking statements” for purposes of applicable securities
laws, and are based on current information and/or management's good
faith belief as to future events. Words such as “anticipate,”
“believe,” “continue,” “expect,” “goal,” “intend,” “should,”
“strategy,” “will,” or similar expressions signify forward-looking
statements. Forward-looking statements should not be read as a
guarantee of future performance. By their nature, forward-looking
statements involve inherent risk and uncertainties, including the
following risks and uncertainties, and those risks and
uncertainties more fully discussed under “Risk Factors” in the
Company’s 2021 10-K, which could cause actual performance to differ
materially from that anticipated by any forward-looking statements.
In particular, any forward-looking statements are subject to risks
and uncertainties related to (i) the COVID-19 pandemic and the
resulting governmental and societal responses; (ii) current and
future economic conditions, including the effects of declines in
the real estate market, high unemployment rates, inflationary
pressures, and slowdowns in economic growth; (iii) financial stress
on borrowers (consumers and businesses) as a result of an uncertain
economic environment; (iv) global economic trends, including
developments related to Ukraine and Russia, and related negative
financial impacts on our borrowers; and (v) fluctuations in
interest rate risk and market interest rates, including the effect
on our net interest income and net interest margin. The Company
undertakes no obligation to update or revise any forward-looking
statement.
To find out more about WaFd Bank, please visit our website
www.wafdbank.com. WaFd Bank uses its
website to distribute financial and other material information
about the Company.
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version on businesswire.com: https://www.businesswire.com/news/home/20220510006168/en/
Washington Federal, Inc. 425 Pike Street, Seattle, WA 98101 Brad
Goode, SVP, Chief Marketing Officer 206-626-8178
Brad.Goode@wafd.com
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