Heritage Financial Corporation Plans Quarterly Dividend of $0.24 (NASDAQ:HFWA)

Heritage Financial Corporation (NASDAQ:HFWA) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Wednesday, May 6th will be given a dividend of 0.24 per share by the financial services provider on Wednesday, May 20th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, May 6th.

Heritage Financial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Heritage Financial has a dividend payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Heritage Financial to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 33.1%.

Heritage Financial Stock Up 1.4%

HFWA traded up $0.37 during trading on Thursday, hitting $27.70. The stock had a trading volume of 318,470 shares, compared to its average volume of 295,901. The stock has a 50 day simple moving average of $26.47 and a two-hundred day simple moving average of $25.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.83. Heritage Financial has a twelve month low of $21.32 and a twelve month high of $28.98. The company has a market capitalization of $1.14 billion, a PE ratio of 14.13 and a beta of 0.49.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.28. Heritage Financial had a return on equity of 8.61% and a net margin of 20.10%. On average, research analysts predict that Heritage Financial will post 2.53 earnings per share for the current year.

About Heritage Financial

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.