Heritage Financial's most recent quarterly cash dividend of $0.23 per share was issued to shareholders on record before Feb 7, 2024. At an annualized rate of $0.89 per share, the stock yields 4.59%. The latest HFWA dividend of $0.23 is an increase from the previous $0.22 payout, representing a growth of 4.5%.
HFWA has a dividend yield of 4.59% which is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 3.23%, Heritage Financial's dividend yield is 42% higher. Historically HFWA's dividend yield has averaged at 3.6% in the last 5 years, which is below the current yield.
Heritage Financial has a dividend history dating as far as 1999, but consistently the company has been paying dividends for the last 13 consecutive years. According to our data HFWA has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 4.7% for the last twelve months. And since the stock price has gone down by 12% from a year ago, the dividend yield has increased by 19%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Feb 7, 2024 | Feb 22, 2024 | Jan 24, 2024 | $0.23 | normal |
Oct 31, 2023 | Nov 15, 2023 | Oct 19, 2023 | $0.22 | normal |
Aug 1, 2023 | Aug 16, 2023 | Jul 19, 2023 | $0.22 | normal |
May 3, 2023 | May 18, 2023 | Apr 18, 2023 | $0.22 | normal |
Feb 7, 2023 | Feb 22, 2023 | Jan 25, 2023 | $0.22 | normal |
Nov 1, 2022 | Nov 16, 2022 | Oct 19, 2022 | $0.21 | normal |
Aug 2, 2022 | Aug 17, 2022 | Jul 20, 2022 | $0.21 | normal |
May 3, 2022 | May 18, 2022 | Apr 20, 2022 | $0.21 | normal |
Feb 8, 2022 | Feb 23, 2022 | Jan 26, 2022 | $0.21 | normal |
Nov 2, 2021 | Nov 17, 2021 | Oct 20, 2021 | $0.21 | normal |
Aug 3, 2021 | Aug 18, 2021 | Jul 22, 2021 | $0.2 | normal |
May 4, 2021 | May 19, 2021 | Apr 21, 2021 | $0.2 | normal |
Feb 9, 2021 | Feb 24, 2021 | Jan 27, 2021 | $0.2 | normal |
Nov 3, 2020 | Nov 18, 2020 | Oct 21, 2020 | $0.2 | normal |
Aug 4, 2020 | Aug 19, 2020 | Jul 22, 2020 | $0.2 | normal |
May 12, 2020 | May 27, 2020 | Apr 29, 2020 | $0.2 | normal |
Feb 5, 2020 | Feb 20, 2020 | Jan 22, 2020 | $0.2 | normal |
Nov 6, 2019 | Nov 21, 2019 | Oct 23, 2019 | $0.19 | normal |
Nov 6, 2019 | Nov 21, 2019 | Oct 23, 2019 | $0.1 | special |
Aug 7, 2019 | Aug 22, 2019 | Jul 24, 2019 | $0.19 | normal |
May 7, 2019 | May 22, 2019 | Apr 24, 2019 | $0.18 | normal |
Feb 6, 2019 | Feb 21, 2019 | Jan 23, 2019 | $0.18 | normal |
Nov 6, 2018 | Nov 21, 2018 | Oct 24, 2018 | $0.17 | normal |
Nov 6, 2018 | Nov 21, 2018 | Oct 24, 2018 | $0.1 | special |
Aug 8, 2018 | Aug 23, 2018 | Jul 24, 2018 | $0.15 | normal |
May 9, 2018 | May 24, 2018 | Apr 25, 2018 | $0.15 | normal |
Feb 6, 2018 | Feb 21, 2018 | Jan 24, 2018 | $0.15 | normal |
Nov 7, 2017 | Nov 22, 2017 | Oct 25, 2017 | $0.1 | special |
Nov 7, 2017 | Nov 22, 2017 | Oct 25, 2017 | $0.13 | normal |
Aug 8, 2017 | Aug 24, 2017 | Jul 25, 2017 | $0.13 | normal |
May 8, 2017 | May 24, 2017 | Apr 25, 2017 | $0.13 | normal |
Feb 7, 2017 | Feb 23, 2017 | Jan 25, 2017 | $0.12 | normal |
Nov 4, 2016 | Nov 22, 2016 | Oct 26, 2016 | $0.12 | normal |
Nov 4, 2016 | Nov 22, 2016 | Oct 26, 2016 | $0.25 | special |
Aug 2, 2016 | Aug 18, 2016 | Jul 20, 2016 | $0.12 | normal |
HFWA has a payout ratio of 50.6% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 39.2%, Heritage Financial's payout ratio is 29% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
COLB Columbia Banking System Inc | 7.44% | $1.44 | 80.4% |
HFWA Heritage Financial Corp | 4.59% | $0.89 | 50.6% |
SHBI Shore Bancshares Inc | 4.17% | $0.48 | 114.3% |
BANR Banner Corp | 4% | $1.92 | 35.9% |
BWFG Bankwell Financial Group Inc | 3.08% | $0.8 | 17% |
Yes, Heritage Financial has paid four dividends in the last twelve months. HFWA has been paying dividends since 2011.
At this point we don't have a record of HFWA's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2024.
Heritage Financial's last dividend ex-date was on Feb 7, 2024. The dividend amount was $0.23 per share.
On an annual basis HFWA pays $0.89 per share.
Heritage Financial's current dividend yield is 4.59%.
Heritage Financial pays dividends quarterly.
The dividend payout ratio of Heritage Financial is 50.6%.
Heritage Financial's dividend yield is above the Financial Services sector average.