Heritage Financial (HFWA) Raises Quarterly Dividend 5.9% to $0.18; 2.3% Yield

Heritage Financial (NASDAQ: HFWA) declared a quarterly dividend of $0.18 per share, or $0.72 annualized. This is a 5.9% increase from the prior dividend of $0.17.

The dividend will be payable on February 21, 2019, to stockholders of record on February 7, 2019, with an ex-dividend date of February 6, 2019.

The annual yield on the dividend is 2.3 percent.

"Even when including $0.27 of one-time and merger-related expenses in 2018, we were still able to report diluted earnings per share of $1.49 for the year, a 7.2% improvement over the prior year. We are pleased to declare a regular cash dividend of $0.18 per share which is a 5.9% increase from the $0.17 per common share declared in the fourth quarter of 2017. Our tangible common equity remains strong at 9.9% which will support our ongoing strategy of organic growth and growth from future acquisitions."

For a dividend history and other dividend-related data on Heritage Financial (HFWA) click here.

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