How does WaFd’s dividend growth history compare to its peers in the regional banking space?

Dividend‑Growth Track Record

WaFd’s announcement of a 27‑cent quarterly payout marks its 170th consecutive dividend— a streak that dates back to the early 1990s. Over that period the bank has not only kept the check‑writing engine running but has also raised the per‑share dividend in roughly 12‑year increments, moving from the low‑10‑cent range in the mid‑1990s to today’s 27‑cent level. In contrast, many of its regional‑bank peers (e.g., PacWest, First Republic, and several mid‑west charters) either suspended or cut dividends during the 2022‑23 banking‑sector stress and have only recently reinstated modest payouts. Even among the “stable” peers—such as Umpqua (QPI) and Columbia Banking (COLB)—the dividend‑growth rate averages 3‑4 % per year, whereas WaFd’s historical compound annual growth rate (CAGR) is ≈5‑6 %, putting it well above the regional‑bank average.

Trading Implications

The superior dividend‑growth pedigree signals a higher quality, cash‑generating balance sheet and a management commitment to returning capital to shareholders. For investors seeking a defensive, yield‑focused position in the regional‑bank arena, WaFd offers a more reliable income stream than the bulk of its peers. Technically, the stock has been holding above its 200‑day moving average since the dividend announcement, with the 27‑cent payout acting as a potential catalyst for a short‑term bounce. A buy‑on‑dip around the current support level (≈ $30) could lock in the dividend and position the trader to benefit from both the yield and any upside as the market re‑prices the bank’s relative stability. Conversely, a break below the 200‑day trend line would warrant a tighter stop, as it could signal a shift in the broader banking risk environment.