Heritage Financial (HFWA) Dividend

Heritage Financial Corporation · Financial Services · Banks - Regional · quarterly payer

$28.39

As of Nov 8, 2026, Heritage Financial (HFWA) pays a quarterly dividend of $0.25 per share, or $1.00 a year, a 3.52% yield at its $28.39 share price. It pays every quarter, usually in February, May, August and November. It has raised its dividend 14 years in a row and has a dividend safety grade of A.

Forward Yield

3.52%

Annual Dividend

$1.00

Payout Ratio

46%

5-Yr Growth

3.7%

Ex-Date

Nov 4, 2026

Frequency

Quarterly

Key facts about HFWA's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Heritage Financial Corporation (HFWA) has a forward dividend yield of 3.52%, based on an annual dividend of $1.00 per share and a share price of $28.39.
As of Nov 8, 2026, HFWA's dividend safety grade from SmarterDividends is A (84 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Heritage Financial Corporation (HFWA) has raised its dividend for 14 consecutive years as of Nov 8, 2026.
HFWA last cut its regular dividend in 2011.
HFWA's most recent ex-dividend date was Nov 4, 2026, for a dividend of $0.25 per share.
As of Nov 8, 2026, HFWA pays out 46% of its trailing 12-month earnings as dividends (its payout ratio).
HFWA's dividend has grown at an average rate of 3.7% a year over the past five years.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for HFWA is $38.91 per share, 37% above the $28.39 share price, so HFWA screens as undervalued.
Heritage Financial Corporation (HFWA) pays its dividend quarterly, 4 times a year.
Heritage Financial Corporation (HFWA) has raised its regular dividend 47 times and cut it 3 times across the 110 payments on record since 1998. Its most recent change was a 4.2% increase to $0.250 per share, going ex-dividend on Aug 5, 2026. The last cut went ex-dividend on Feb 3, 2009.
Heritage Financial (HFWA) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 4.2%, was declared on Jul 22, 2026.

Cite this page

SmarterDividends, "HFWA Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/HFWA

Is HFWA a good dividend stock?

Yes

Heritage Financial Corporation (HFWA) pays a quarterly dividend yielding 3.52% ($1.00/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

14 consecutive years of dividend growth
Comfortable payout ratio (46%)
Top-tier dividend safety score

Risks

Cut its dividend in 2011

Key Data

Dividend Yield: 3.52%
Payout Ratio: 46%
Annual Dividend: $1.00
5-Yr Avg Growth: 3.7%
Ex-Dividend Date: Nov 4, 2026
Years of Growth: 14
Frequency: quarterly
Beta: 0.51
Market Cap: $1.2B
P/E Ratio: 14.1
5-Yr Total Return: 21%
52-Week Range: $21.32 – $31.25
Dividend Safety: A · 84/100
Ever Cut?: Yes (2011)

HFWA dividend raises and cuts

Heritage Financial Corporation (HFWA) has raised its regular dividend 47 times and cut it 3 times across the 110 payments on record since 1998. Its most recent change was a 4.2% increase to $0.250 per share, going ex-dividend on Aug 5, 2026. The last cut went ex-dividend on Feb 3, 2009.

Ex-date	Change	Old → new	Move
Aug 5, 2026	Raise	$0.240 → $0.250	+4.2%
Feb 6, 2025	Raise	$0.230 → $0.240	+4.3%
Feb 7, 2024	Raise	$0.220 → $0.230	+4.5%
Feb 7, 2023	Raise	$0.210 → $0.220	+4.8%
Nov 2, 2021	Raise	$0.200 → $0.210	+5.0%
Feb 5, 2020	Raise	$0.190 → $0.200	+5.3%
Aug 7, 2019	Raise	$0.180 → $0.190	+5.6%
Feb 6, 2019	Raise	$0.150 → $0.180	+20.0%
Feb 6, 2018	Raise	$0.130 → $0.150	+15.4%
May 8, 2017	Raise	$0.120 → $0.130	+8.3%
May 3, 2016	Raise	$0.110 → $0.120	+9.1%
May 5, 2015	Raise	$0.100 → $0.110	+10.0%

Show all 50 changes since 1999

Ex-date	Change	Old → new	Move
Feb 6, 2015	Raise	$0.0900 → $0.100	+11.1%
Aug 5, 2014	Raise	$0.0800 → $0.0900	+12.5%
May 8, 2012	Raise	$0.0600 → $0.0800	+33.3%
Feb 8, 2012	Raise	$0.0500 → $0.0600	+20.0%
Aug 10, 2011	Raise	$0.0300 → $0.0500	+66.7%
Feb 3, 2009	Cut	$0.140 → $0.100	−28.6%
Oct 10, 2008	Cut	$0.210 → $0.140	−33.3%
Jan 10, 2007	Raise	$0.205 → $0.210	+2.4%
Oct 12, 2006	Raise	$0.200 → $0.205	+2.5%
Jul 13, 2006	Raise	$0.195 → $0.200	+2.6%
Apr 12, 2006	Raise	$0.190 → $0.195	+2.6%
Jan 11, 2006	Raise	$0.185 → $0.190	+2.7%
Oct 13, 2005	Raise	$0.171 → $0.185	+7.9%
Jul 13, 2005	Raise	$0.167 → $0.171	+2.9%
Apr 13, 2005	Raise	$0.162 → $0.167	+2.9%
Jan 12, 2005	Raise	$0.157 → $0.162	+3.0%
Oct 13, 2004	Raise	$0.152 → $0.157	+3.1%
Jul 13, 2004	Raise	$0.148 → $0.152	+3.2%
Apr 13, 2004	Raise	$0.143 → $0.148	+3.3%
Jan 13, 2004	Raise	$0.138 → $0.143	+3.4%
Oct 10, 2003	Raise	$0.133 → $0.138	+3.6%
Jul 11, 2003	Raise	$0.129 → $0.133	+3.7%
Apr 11, 2003	Raise	$0.124 → $0.129	+3.8%
Jan 13, 2003	Raise	$0.119 → $0.124	+4.0%
Oct 10, 2002	Raise	$0.114 → $0.119	+4.2%
Jul 11, 2002	Raise	$0.110 → $0.114	+4.3%
Apr 11, 2002	Raise	$0.105 → $0.110	+4.5%
Jan 11, 2002	Raise	$0.100 → $0.105	+4.8%
Oct 11, 2001	Raise	$0.0952 → $0.100	+5.0%
Jul 12, 2001	Raise	$0.0905 → $0.0952	+5.3%
Apr 11, 2001	Raise	$0.0857 → $0.0905	+5.6%
Jan 17, 2001	Raise	$0.0810 → $0.0857	+5.9%
Oct 12, 2000	Raise	$0.0762 → $0.0810	+6.3%
Jul 12, 2000	Raise	$0.0714 → $0.0762	+6.7%
Apr 12, 2000	Raise	$0.0619 → $0.0714	+15.4%
Oct 13, 1999	Raise	$0.0571 → $0.0619	+8.3%
Jul 13, 1999	Raise	$0.0524 → $0.0571	+9.1%
Apr 13, 1999	Cut	$0.0952 → $0.0524	−45.0%

Every HFWA payment →Download every raise and cut (CSV)

HFWA ex-dividend date & scheduleNext ex-date Nov 4, 2026 · full ex-dividend historyView →HFWA dividend historyEvery payment, totals by year, raises and cutsView →HFWA dividend calculator100 shares pay $100.00 a year, $25.00 each quarterCalculate →HFWA total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is HFWA a good dividend stock?

Yes. Heritage Financial Corporation (HFWA) pays a quarterly dividend yielding 3.52% ($1.00/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is HFWA undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HFWA's fair value is about $38.91 versus a $28.39 share price — so it looks undervalued (+37% vs. fair value).

Is HFWA's dividend safe?

HFWA has a dividend-safety grade of A (84/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a dividend cut in 2011, debt and yield-versus-history.

What is HFWA's fair value?

Our blended fair-value estimate for HFWA is about $38.91 per share, roughly 37% above the current $28.39 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HFWA a buy, hold, or sell?

We don't issue formal ratings, but on the data HFWA screens as "yes" and undervalued. Heritage Financial Corporation (HFWA) pays a quarterly dividend yielding 3.52% ($1.00/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will HFWA cut its dividend?

HFWA earns a dividend-safety grade of A (84/100), and has cut its dividend before (last in 2011). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HFWA pay a dividend?

Yes. Heritage Financial Corporation pays a quarterly dividend of about $1.00 per share annually, a forward yield of roughly 3.52%.

How much dividend does 100 shares of HFWA pay?

At $1.00 per share a year, 100 shares of HFWA pay $100.00 a year in dividends before tax, about $25.00 each quarter. Buying them costs about $2,839 at the Nov 8, 2026 price.

What is HFWA's dividend yield?

As of Nov 8, 2026, HFWA's forward dividend yield is 3.52%, based on a $1.00 annual dividend and a $28.39 share price.

What is HFWA's dividend per share?

As of Nov 8, 2026, HFWA pays $1.00 per share per year, distributed on a quarterly basis.

What is HFWA's dividend payout ratio?

As of Nov 8, 2026, HFWA's payout ratio is 46% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has HFWA grown its dividend?

As of Nov 8, 2026, HFWA has increased its dividend for 14 consecutive years.

When is the next HFWA ex-dividend date?

As of Nov 8, 2026, HFWA's next ex-dividend date hasn't been announced. The most recent was Nov 4, 2026, for $0.25 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full HFWA dividend history →

Ex-Date	Pay Date	Amount	Type
Nov 4, 2026	Nov 18, 2026	$0.2500	regular
Aug 5, 2026	Aug 19, 2026	$0.2500	regular
May 6, 2026	May 20, 2026	$0.2400	regular
Jan 28, 2026	Feb 11, 2026	$0.2400	regular
Nov 5, 2025	Nov 19, 2025	$0.2400	regular
Aug 6, 2025	Aug 20, 2025	$0.2400	regular
May 7, 2025	May 21, 2025	$0.2400	regular
Feb 6, 2025	Feb 20, 2025	$0.2400	regular
Nov 6, 2024	Nov 20, 2024	$0.2300	regular
Aug 7, 2024	Aug 21, 2024	$0.2300	regular
May 7, 2024	May 22, 2024	$0.2300	regular
Feb 7, 2024	Feb 22, 2024	$0.2300	regular
Oct 31, 2023	Nov 15, 2023	$0.2200	regular
Aug 1, 2023	Aug 16, 2023	$0.2200	regular