SEATTLE, WA -- (Marketwired) -- 09/23/13 -- The Board of Directors of Washington Federal, Inc. (NASDAQ: WAFD), today announced a quarterly cash dividend of 10 cents per share, an increase of $.01 or 11 percent. The cash dividend increase is the second increase this fiscal year. The dividend will be payable on October 18, 2013 to common stockholders of record on October 4, 2013. This will be Washington Federal's 123rd consecutive quarterly cash dividend.
Washington Federal also announced the authorization of an additional 10 million shares that may be repurchased under Washington Federal's share repurchase program. Fiscal year to date, the Company has repurchased 6.0 million shares or 5.7 percent of the shares that were outstanding at the beginning of the year, at an average price of $17.33.
Roy M. Whitehead, Chairman, President and Chief Executive Officer commented, "Today's actions reflect the Board's confidence in the Company's future prospects. Given current market conditions, we expect to continue to actively repurchase shares."
Washington Federal, Inc. is the parent company of Washington Federal, a national bank that operates 181 offices in Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas and New Mexico. Established in 1917, the Company provides consumer and commercial deposit accounts, insurance products and financing for small to middle market businesses, commercial real estate and residential real estate, including consumer mortgages and home equity lines of credit. As of June 30, 2013, the Company reported $13.0 billion in assets, $9.1 billion in deposits and $1.9 billion in stockholders' equity.
|ZAGG Inc's Board of Directors Authorizes $10 Million for Stock Repurchase (2014/2/25)|
|Chemical Financial Corporation Increases Cash Dividend (2013/11/19)|
|Medical Properties Trust, Inc. Increases Quarterly Dividend 5 Percent to 21 Cents Per Share ()|
|Pool Corporation Announces Additional Authorization Under Share Repurchase Program and Declares Quarterly Cash Dividend ()|
|Eaton Vance Authorizes The Repurchase Of Up To 8 Million Shares (2014/1/15)|
|Simulations Plus Announces Another Quarterly Cash Dividend Increase ()|
|Simulations Plus Announces Quarterly Cash Dividend Increase (2013/7/30)|
|MSCI Inc. Reports Second Quarter 2013 Financial Results and Announces Additional $100 Million Accelerated Share Repurchase ()|
|Wynn Resorts Announces Cash Dividend of $3.00 Per Share and Increase to Regular Dividend ()|
|Broadcom Announces Nine Percent Increase in Quarterly Cash Dividend (2014/1/30)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.