WaFd, Inc.

WAFD

Financial Services · Banks - Regional · Stock · quarterly payer

$29.15

Undervalued · +80% Add to Portfolio

Forward Yield

3.71%

Annual Dividend

$1.08

Payout Ratio

34%

5-Yr Growth

4.2%

Ex-Date

Aug 21, 2026

Frequency

Quarterly

Key facts about WAFD's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, WaFd, Inc. (WAFD) has a forward dividend yield of 3.71%, based on an annual dividend of $1.08 per share and a share price of $29.15.
As of Oct 18, 2026, WAFD's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, WaFd, Inc. (WAFD) has raised its dividend for 16 consecutive years as of Oct 18, 2026.
WAFD last cut its regular dividend in 2008.
WAFD's most recent ex-dividend date was Aug 21, 2026, for a dividend of $0.27 per share.
As of Oct 18, 2026, WAFD pays out 34% of its trailing 12-month earnings as dividends (its payout ratio).
WAFD's dividend has grown at an average rate of 4.2% a year over the past five years.
As of Oct 18, 2026, WAFD's 3.71% yield is 15% above its five-year average yield of 3.22%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for WAFD is $52.56 per share, 80% above the $29.15 share price, so WAFD screens as undervalued.
WaFd, Inc. (WAFD) pays its dividend quarterly, 4 times a year.
WaFd, Inc. (WAFD) has raised its regular dividend 57 times and cut it 4 times across the 166 payments on record since 1987. Its most recent change was a 3.8% increase to $0.270 per share, going ex-dividend on Feb 21, 2025. The last cut went ex-dividend on Dec 30, 2008.

Cite this page

SmarterDividends, "WAFD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/WAFD

Summary

As of Oct 18, 2026, WaFd, Inc. (WAFD) yields 3.71% ($1.08 a year per share), has a dividend safety grade of A (88/100) and has 16 consecutive years of dividend increases on record.

Is WAFD a good dividend stock?

Yes

WaFd, Inc. (WAFD) pays a quarterly dividend yielding 3.71% ($1.08/yr), with 16 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

16 consecutive years of dividend growth
Comfortable payout ratio (34%)
Top-tier dividend safety score

Risks

Cut its dividend in 2008
Share price is down over the past 5 years

Key Data

Dividend Yield: 3.71%
Payout Ratio: 34%
Annual Dividend: $1.08
5-Yr Avg Growth: 4.2%
Ex-Dividend Date: Aug 21, 2026
Years of Growth: 16
Frequency: quarterly
Beta: 0.88
Market Cap: $2.2B
P/E Ratio: 9.2
5-Yr Total Return: -10%
52-Week Range: $27.91 – $39.49
Dividend Safety: A · 88/100
Ever Cut?: Yes (2008)

WAFD dividend raises and cuts

WaFd, Inc. (WAFD) has raised its regular dividend 57 times and cut it 4 times across the 166 payments on record since 1987. Its most recent change was a 3.8% increase to $0.270 per share, going ex-dividend on Feb 21, 2025. The last cut went ex-dividend on Dec 30, 2008.

Ex-date	Change	Old → new	Move
Feb 21, 2025	Raise	$0.260 → $0.270	+3.8%
Feb 22, 2024	Raise	$0.250 → $0.260	+4.0%
Feb 23, 2023	Raise	$0.240 → $0.250	+4.2%
Feb 3, 2022	Raise	$0.230 → $0.240	+4.3%
Feb 4, 2021	Raise	$0.220 → $0.230	+4.5%
Feb 6, 2020	Raise	$0.210 → $0.220	+4.8%
Aug 8, 2019	Raise	$0.200 → $0.210	+5.0%
Feb 7, 2019	Raise	$0.180 → $0.200	+11.1%
Aug 9, 2018	Raise	$0.170 → $0.180	+5.9%
Feb 8, 2018	Raise	$0.150 → $0.170	+13.3%
May 3, 2017	Raise	$0.140 → $0.150	+7.1%
Jan 28, 2016	Raise	$0.130 → $0.140	+7.7%

Show all 61 changes since 1987

Ex-date	Change	Old → new	Move
Jan 29, 2015	Raise	$0.110 → $0.130	+18.2%
Jul 1, 2014	Raise	$0.100 → $0.110	+10.0%
Oct 2, 2013	Raise	$0.0900 → $0.100	+11.1%
Apr 3, 2013	Raise	$0.0800 → $0.0900	+12.5%
Dec 28, 2011	Raise	$0.0600 → $0.0800	+33.3%
Dec 29, 2010	Raise	$0.0500 → $0.0600	+20.0%
Dec 30, 2008	Cut	$0.210 → $0.0500	−76.2%
Jul 3, 2007	Raise	$0.205 → $0.210	+2.4%
Jun 28, 2006	Raise	$0.200 → $0.205	+2.5%
Jun 29, 2005	Raise	$0.190 → $0.200	+5.3%
Jul 7, 2004	Raise	$0.182 → $0.191	+5.0%
Jul 2, 2003	Raise	$0.174 → $0.182	+4.8%
Apr 2, 2003	Raise	$0.173 → $0.174	+0.4%
Jul 2, 2002	Raise	$0.165 → $0.173	+4.5%
Apr 3, 2002	Raise	$0.164 → $0.165	+0.9%
Jul 3, 2001	Raise	$0.157 → $0.164	+4.3%
Apr 4, 2001	Raise	$0.156 → $0.157	+0.9%
Feb 7, 2001	Raise	$0.155 → $0.156	+0.3%
Jun 28, 2000	Raise	$0.149 → $0.155	+4.2%
Jan 5, 2000	Raise	$0.143 → $0.149	+4.3%
Jul 7, 1999	Raise	$0.137 → $0.143	+4.5%
Apr 7, 1999	Raise	$0.135 → $0.137	+0.8%
Jan 4, 1999	Raise	$0.130 → $0.135	+4.3%
Jul 6, 1998	Raise	$0.123 → $0.130	+5.5%
Jan 5, 1998	Raise	$0.118 → $0.123	+4.3%
Jul 7, 1997	Raise	$0.112 → $0.118	+5.5%
Jan 6, 1997	Raise	$0.107 → $0.112	+4.3%
Jul 8, 1996	Raise	$0.103 → $0.107	+4.5%
Apr 8, 1996	Raise	$0.102 → $0.103	+0.9%
Feb 13, 1996	Cut	$0.112 → $0.102	−9.2%
Jan 8, 1996	Raise	$0.107 → $0.112	+4.3%
Jul 10, 1995	Raise	$0.103 → $0.107	+4.5%
Jan 5, 1995	Raise	$0.0980 → $0.103	+4.8%
Jul 8, 1994	Raise	$0.0956 → $0.0980	+2.4%
Apr 6, 1994	Cut	$0.103 → $0.0956	−6.8%
Jan 6, 1994	Raise	$0.0980 → $0.103	+4.8%
Jul 9, 1993	Cut	$0.103 → $0.0980	−4.5%
Jan 6, 1993	Raise	$0.0980 → $0.103	+4.8%
Jul 1, 1992	Raise	$0.0933 → $0.0980	+5.0%
Jan 8, 1992	Raise	$0.0871 → $0.0933	+7.1%
Jul 2, 1991	Raise	$0.0809 → $0.0871	+7.7%
Jan 9, 1991	Raise	$0.0746 → $0.0809	+8.3%
Jul 3, 1990	Raise	$0.0684 → $0.0746	+9.1%
Jan 3, 1990	Raise	$0.0622 → $0.0684	+10.0%
Jul 5, 1989	Raise	$0.0566 → $0.0622	+9.9%
Mar 29, 1989	Raise	$0.0560 → $0.0566	+1.1%
Jul 6, 1988	Raise	$0.0498 → $0.0560	+12.5%
Mar 29, 1988	Raise	$0.0415 → $0.0498	+20.0%
Jul 8, 1987	Raise	$0.0352 → $0.0415	+17.6%

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

WAFD ex-dividend date & scheduleNext ex-date Aug 21, 2026 · full ex-dividend historyView →WAFD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is WAFD a good dividend stock?

Yes. WaFd, Inc. (WAFD) pays a quarterly dividend yielding 3.71% ($1.08/yr), with 16 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 WAFD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WAFD's fair value is about $52.56 versus a $29.15 share price — so it looks undervalued (+80% vs. fair value).

Is WAFD's dividend safe?

WAFD has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 16-year growth streak, a dividend cut in 2008, debt and yield-versus-history.

What is WAFD's fair value?

Our blended fair-value estimate for WAFD is about $52.56 per share, roughly 80% above the current $29.15 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is WAFD a buy, hold, or sell?

We don't issue formal ratings, but on the data WAFD screens as "yes" and undervalued. WaFd, Inc. (WAFD) pays a quarterly dividend yielding 3.71% ($1.08/yr), with 16 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 WAFD cut its dividend?

WAFD earns a dividend-safety grade of A (88/100), and has cut its dividend before (last in 2008). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does WAFD pay a dividend?

Yes. WaFd, Inc. pays a quarterly dividend of about $1.08 per share annually, a forward yield of roughly 3.71%.

What is WAFD's dividend yield?

As of Oct 18, 2026, WAFD's forward dividend yield is 3.71%, based on a $1.08 annual dividend and a $29.15 share price.

What is WAFD's dividend per share?

As of Oct 18, 2026, WAFD pays $1.08 per share per year, distributed on a quarterly basis.

What is WAFD's dividend payout ratio?

As of Oct 18, 2026, WAFD's payout ratio is 34% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has WAFD grown its dividend?

As of Oct 18, 2026, WAFD has increased its dividend for 16 consecutive years.

When is the next WAFD ex-dividend date?

As of Oct 18, 2026, WAFD's next ex-dividend date hasn't been announced. The most recent was Aug 21, 2026, for $0.27 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full WAFD dividend history →

Ex-Date	Pay Date	Amount	Type
Aug 21, 2026	Sep 4, 2026	$0.2700	regular
May 22, 2026	Jun 5, 2026	$0.2700	regular
Feb 13, 2026	Feb 27, 2026	$0.2700	regular
Nov 21, 2025	Dec 5, 2025	$0.2700	regular
Aug 22, 2025	Sep 5, 2025	$0.2700	regular
May 23, 2025	Jun 6, 2025	$0.2700	regular
Feb 21, 2025	Mar 7, 2025	$0.2700	regular
Nov 22, 2024	Dec 6, 2024	$0.2600	regular
Aug 23, 2024	Sep 6, 2024	$0.2600	regular
May 23, 2024	Jun 7, 2024	$0.2600	regular
Feb 22, 2024	Mar 8, 2024	$0.2600	regular
Nov 22, 2023	Dec 8, 2023	$0.2500	regular
Aug 24, 2023	Sep 8, 2023	$0.2500	regular
May 18, 2023	Jun 2, 2023	$0.2500	regular