Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. As of January 27, 2022, it had a network of 49 banking offices located in Washington and Oregon. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.
Heritage Financial Dividend Announcement
• Heritage Financial announced a quarterly dividend of $0.23 per ordinary share which will be made payable on 2024-11-20. Ex dividend date: 2024-11-06
• Heritage Financial annual dividend for 2024 was $0.92
• Heritage Financial annual dividend for 2023 was $0.88
• Heritage Financial's trailing twelve-month (TTM) dividend yield is 2.97%
• Heritage Financial's payout ratio for the trailing twelve months (TTM) is 83.58%
• Heritage Financial's dividend growth over the last five years (2018-2023) was 4.10% year
• Heritage Financial's dividend growth over the last ten years (2013-2023) was 7.68% year
Heritage Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-06 | $0.23 | quarterly | 2024-11-20 |
2024-08-07 | $0.23 | quarterly | 2024-08-21 |
2024-05-07 | $0.23 | quarterly | 2024-05-22 |
2024-02-07 | $0.23 | quarterly | 2024-02-22 |
2023-10-31 | $0.22 | quarterly | 2023-11-15 |
2023-08-01 | $0.22 | quarterly | 2023-08-16 |
2023-05-03 | $0.22 | quarterly | 2023-05-18 |
2023-02-07 | $0.22 | quarterly | 2023-02-22 |
2022-11-01 | $0.21 | quarterly | 2022-11-16 |
2022-08-02 | $0.21 | quarterly | 2022-08-17 |
2022-05-03 | $0.21 | quarterly | 2022-05-18 |
2022-02-08 | $0.21 | quarterly | 2022-02-23 |
2021-11-02 | $0.21 | quarterly | 2021-11-17 |
2021-08-03 | $0.20 | quarterly | 2021-08-18 |
2021-05-04 | $0.20 | quarterly | 2021-05-19 |
2021-02-09 | $0.20 | quarterly | 2021-02-24 |
2020-11-03 | $0.20 | quarterly | 2020-11-18 |
2020-08-04 | $0.20 | quarterly | 2020-08-19 |
2020-05-12 | $0.20 | quarterly | 2020-05-27 |
2020-02-05 | $0.20 | quarterly | 2020-02-20 |
2019-11-06 | $0.29 | quarterly | 2019-11-21 |
2019-08-07 | $0.19 | quarterly | 2019-08-22 |
2019-05-07 | $0.18 | quarterly | 2019-05-22 |
2019-02-06 | $0.18 | quarterly | 2019-02-21 |
2018-11-06 | $0.27 | quarterly | 2018-11-21 |
2018-08-08 | $0.15 | quarterly | 2018-08-23 |
2018-05-09 | $0.15 | quarterly | 2018-05-24 |
2018-02-06 | $0.15 | quarterly | 2018-02-21 |
2017-11-07 | $0.23 | quarterly | 2017-11-22 |
2017-08-08 | $0.13 | quarterly | 2017-08-24 |
2017-05-08 | $0.13 | quarterly | 2017-05-24 |
2017-02-07 | $0.12 | quarterly | 2017-02-23 |
2016-11-04 | $0.37 | quarterly | 2016-11-22 |
2016-08-02 | $0.12 | quarterly | 2016-08-18 |
2016-05-03 | $0.12 | quarterly | 2016-05-19 |
2016-02-08 | $0.11 | quarterly | 2016-02-24 |
2015-11-02 | $0.21 | quarterly | 2015-11-18 |
2015-08-04 | $0.11 | quarterly | 2015-08-20 |
2015-05-05 | $0.11 | quarterly | 2015-05-21 |
2015-02-06 | $0.10 | quarterly | 2015-02-24 |
2014-11-28 | $0.16 | quarterly | 2014-12-12 |
2014-11-04 | $0.09 | quarterly | 2014-11-20 |
2014-08-05 | $0.09 | quarterly | 2014-08-21 |
2014-04-04 | $0.08 | quarterly | 2014-04-23 |
2014-02-06 | $0.08 | quarterly | 2014-02-24 |
2013-11-01 | $0.08 | quarterly | 2013-11-15 |
2013-08-02 | $0.18 | quarterly | 2013-08-15 |
2013-05-08 | $0.08 | quarterly | 2013-05-24 |
2013-02-06 | $0.08 | quarterly | 2013-02-22 |
Heritage Financial Dividend per year
Heritage Financial Dividend growth
Heritage Financial Dividend Yield
Heritage Financial current trailing twelve-month (TTM) dividend yield is 2.97%. Interested in purchasing Heritage Financial stock? Use our calculator to estimate your expected dividend yield:
Heritage Financial Financial Ratios
Heritage Financial Dividend FAQ
Other factors to consider when evaluating Heritage Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Heritage Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Heritage Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Heritage Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Heritage Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Heritage Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Heritage Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Heritage Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Heritage Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Heritage Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.