SOURCE: Washington Federal

Washington Federal

December 20, 2010 16:42 ET

Washington Federal Increases Cash Dividend

SEATTLE, WA--(Marketwire - December 20, 2010) - The Board of Directors of Washington Federal, Inc. (NASDAQ: WFSL), parent company of Washington Federal, today announced a quarterly cash dividend of 6 cents per share, an increase of 20% from the 5 cents per share paid in the previous quarter. The dividend will be payable on January 14, 2011 to common stockholders of record on December 31, 2010. This will be Washington Federal's 112th consecutive quarterly cash dividend. 

Chairman, President and CEO Roy M. Whitehead commented, "We are very pleased to be among the first to increase the cash dividend in the wake of the recent recession. The higher payout signals the board of directors' increased confidence that business conditions are improving and that the company's future performance will be more predictable."

Washington Federal operates 160 offices in Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas and New Mexico. Established in 1917, the Company provides residential real estate loans, commercial real estate financing, consumer deposit accounts and business banking. On September 30, 2010, the Company reported $13.5 billion in assets, $8.9 billion in deposits and $1.8 billion in stockholders' equity.