Washington Federal Inc (WAFD) is a bank holding company operating through subsidiaries. Its activity includes accepting deposits and lending. The bank is also engaged in real estate investment and insurance brokerage activities.
The bank serves consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States.Â
As of September 30, 2017, it had 237 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.
I use three key data points to gauge the value of any dividend equity like WAFD:Â
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest.
But those first three primary keys, best tell whether a company has made, is making, and will make money.Â
WAFD Price
Washington Federal’s price per share was $34.00 at yesterday’s market close. A year ago its price was $33.30 for a gain of $0.70 per share. Â
Assuming Washington Federal’s price will trade in the range of $30 to $40 next year, its price could make that same $0.70 gain or better from its current $34.00 price to $35.00 by early August 2019.Â
WAFD Dividends
Washington Federal’s most recent rising quarterly dividend was $0.18Â declared July 23 to be paid August 24.
At its recent pay rate, its 2018 annual dividend is calculated at $0.72 yielding 2.15% at yesterday’s closing price.
Gains For WAFD?
Adding the $.72 potential annual dividend to the $1.00 potential year over year price gain for WAFD makes a $1.72 projected gross annual per share gain, which will be reduced by costs to trade the shares. Â
A little under $1,000.00 invested today at the $34.00 recent price buys 29 Washington Federal shares.Â
A $10 broker fee paid half at purchase and half at sale costs about $0.34 per share
