Washington Federal accelerates quarterly cash dividend The board of Washington Federal, parent company of Washington Federal, announced a quarterly cash dividend of 8c per share. The dividend will be payable on December 31 to common stockholders of record on December 27. The dividend is being accelerated from the normal January payment date in consideration of potentially higher dividend tax rates in 2013.
Washington Federal downgraded to Underperform from Neutral at Macquarie Macquarie transferred coverage on Washing Federal with an Underperform rating from a Neutral rating with an $18 price target. The firm downgraded shares based on valuation and poor balance sheet position relative to peers in a rising interest rate environment.