WaFd Declares Quarterly Cash Dividend on Series A Preferred

An announcement from Washington Federal ( (WAFD) ) is now available.

On May 12, 2026, the Board of Directors of WaFd, Inc. declared a cash dividend of $12.1875 per share on its 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. This dividend, equal to $0.30468750 per WAFDP depositary share representing a 1/40th interest in a preferred share, is payable on July 15, 2026 to shareholders of record as of June 30, 2026, underscoring the company’s continued return of capital to preferred investors.

The decision to maintain dividend payments on the Series A Preferred Stock signals WaFd’s commitment to providing steady income to its preferred shareholders, which can support investor confidence in the bank’s capital management strategy. By affirming this payout schedule, WaFd reinforces the attractiveness of its preferred securities in the income-focused segment of the financial markets.

The most recent analyst rating on (WAFD) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Washington Federal stock, see the WAFD Stock Forecast page.

Spark’s Take on WAFD Stock

According to Spark, TipRanks’ AI Analyst, WAFD is a Neutral.

The score is driven primarily by stable profitability and strong cash generation, supported by constructive technical momentum and attractive valuation (low P/E with a ~3% yield). The main constraints are the sharp TTM revenue contraction and funding-related risks highlighted on the call (deposit outflows and higher borrowings), which temper the overall outlook.

To see Spark’s full report on WAFD stock, click here.

More about Washington Federal

WaFd, Inc. is a financial services company operating as a bank holding entity under the Washington Federal brand, with its preferred stock depositary shares trading on the NASDAQ under the symbol WAFDP. The company raises capital in the public markets through its preferred stock structure, offering investors income-oriented securities tied to its banking operations.

Average Trading Volume: 690,051

Technical Sentiment Signal: Buy

Current Market Cap: $2.63B

See more data about WAFD stock on TipRanks’ Stock Analysis page.