Heritage Financial Corporation

Heritage Financial Corporation

HFWAยทNASDAQ

$26.69

-2.7%
Financial ServicesBanks - Regional

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.

At a Glance

Live Snapshot
Market Cap$907.39M
EPS1.9900
P/E Ratio13.41
Earnings Date07/23/2026
0.92%
Dividend Yield
-9%
3Y-10.0%
5Y+31.0%
10Y+34.0%
49.00%
Dividend Payout Ratio
34%
3Y+30.0%
5Y+73.0%
10Y+21.0%
3Y+11.0%
5Y+13.0%
10Y+147.0%
Heritage Financial Corporation

Heritage Financial Corporation Dividend History

HFWA ยท NASDAQ
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

HFWA Dividend Payment History

HFWA ยท NASDAQ

Total Payments

50

Latest Dividend

$0.2400

Annual Amount

$1.2000

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Apr 22, 2026
May 6, 2026May 20, 2026
$0.2400
$0.2400
Quarterly0.00%
Jan 16, 2026
Jan 28, 2026Feb 11, 2026
$0.2400
$0.2400
Quarterly0.00%
Oct 22, 2025
Nov 5, 2025Nov 19, 2025
$0.2400
$0.2400
Quarterly0.00%
Jul 23, 2025
Aug 6, 2025Aug 20, 2025
$0.2400
$0.2400
Quarterly0.00%
Apr 23, 2025
May 7, 2025May 21, 2025
$0.2400
$0.2400
Quarterly0.00%
Jan 22, 2025
Feb 6, 2025Feb 20, 2025
$0.2400
$0.2400
Quarterly+4.35%
Oct 23, 2024
Nov 6, 2024Nov 20, 2024
$0.2300
$0.2300
Quarterly0.00%
Jul 24, 2024
Aug 7, 2024Aug 21, 2024
$0.2300
$0.2300
Quarterly0.00%
Apr 24, 2024
May 8, 2024May 22, 2024
$0.2300
$0.2300
Quarterly0.00%
Jan 24, 2024
Feb 8, 2024Feb 22, 2024
$0.2300
$0.2300
Quarterly+4.55%
Oct 19, 2023
Nov 1, 2023Nov 15, 2023
$0.2200
$0.2200
Quarterly0.00%
Jul 19, 2023
Aug 2, 2023Aug 16, 2023
$0.2200
$0.2200
Quarterly0.00%
Apr 18, 2023
May 4, 2023May 18, 2023
$0.2200
$0.2200
Quarterly0.00%
Jan 25, 2023
Feb 8, 2023Feb 22, 2023
$0.2200
$0.2200
Quarterly+4.76%
Oct 19, 2022
Nov 2, 2022Nov 16, 2022
$0.2100
$0.2100
Quarterly0.00%
Jul 20, 2022
Aug 3, 2022Aug 17, 2022
$0.2100
$0.2100
Quarterly0.00%
Apr 20, 2022
May 4, 2022May 18, 2022
$0.2100
$0.2100
Quarterly0.00%
Jan 26, 2022
Feb 9, 2022Feb 23, 2022
$0.2100
$0.2100
Quarterly0.00%
Oct 20, 2021
Nov 3, 2021Nov 17, 2021
$0.2100
$0.2100
Quarterly+5.00%
Jul 22, 2021
Aug 4, 2021Aug 18, 2021
$0.2000
$0.2000
Quarterly0.00%
Apr 21, 2021
May 5, 2021May 19, 2021
$0.2000
$0.2000
Quarterly0.00%
Jan 27, 2021
Feb 10, 2021Feb 24, 2021
$0.2000
$0.2000
Quarterly0.00%
Oct 21, 2020
Nov 4, 2020Nov 18, 2020
$0.2000
$0.2000
Quarterly0.00%
Jul 22, 2020
Aug 5, 2020Aug 19, 2020
$0.2000
$0.2000
Quarterly0.00%
Apr 29, 2020
May 13, 2020May 27, 2020
$0.2000
$0.2000
Quarterly0.00%
Jan 22, 2020
Feb 6, 2020Feb 20, 2020
$0.2000
$0.2000
Quarterly-31.03%
Oct 23, 2019
Nov 7, 2019Nov 21, 2019
$0.2900
$0.2900
Quarterly+52.63%
Jul 24, 2019
Aug 8, 2019Aug 22, 2019
$0.1900
$0.1900
Quarterly+5.56%
Apr 24, 2019
May 8, 2019May 22, 2019
$0.1800
$0.1800
Quarterly0.00%
Jan 23, 2019
Feb 7, 2019Feb 21, 2019
$0.1800
$0.1800
Quarterly-33.33%
Oct 24, 2018
Nov 7, 2018Nov 21, 2018
$0.2700
$0.2700
Quarterly+80.00%
Jul 24, 2018
Aug 9, 2018Aug 23, 2018
$0.1500
$0.1500
Quarterly0.00%
Apr 25, 2018
May 10, 2018May 24, 2018
$0.1500
$0.1500
Quarterly0.00%
Jan 24, 2018
Feb 7, 2018Feb 21, 2018
$0.1500
$0.1500
Quarterly-34.78%
Oct 25, 2017
Nov 8, 2017Nov 22, 2017
$0.2300
$0.2300
Quarterly+76.92%
Jul 25, 2017
Aug 10, 2017Aug 24, 2017
$0.1300
$0.1300
Quarterly0.00%
Apr 27, 2017
May 10, 2017May 24, 2017
$0.1300
$0.1300
Quarterly+8.33%
Jan 25, 2017
Feb 9, 2017Feb 23, 2017
$0.1200
$0.1200
Quarterly-67.57%
Oct 26, 2016
Nov 8, 2016Nov 22, 2016
$0.3700
$0.3700
Quarterly+208.33%
Jul 20, 2016
Aug 4, 2016Aug 18, 2016
$0.1200
$0.1200
Quarterly0.00%
Apr 20, 2016
May 5, 2016May 19, 2016
$0.1200
$0.1200
Quarterly+9.09%
Jan 27, 2016
Feb 10, 2016Feb 24, 2016
$0.1100
$0.1100
Quarterly-47.62%
Oct 22, 2015
Nov 4, 2015Nov 18, 2015
$0.2100
$0.2100
Quarterly+90.91%
Jul 22, 2015
Aug 6, 2015Aug 20, 2015
$0.1100
$0.1100
Quarterly0.00%
Apr 22, 2015
May 7, 2015May 21, 2015
$0.1100
$0.1100
Quarterly+10.00%
Jan 28, 2015
Feb 10, 2015Feb 24, 2015
$0.1000
$0.1000
Quarterly-37.50%
Nov 21, 2014
Dec 2, 2014Dec 12, 2014
$0.1600
$0.1600
Quarterly+77.78%
Oct 23, 2014
Nov 6, 2014Nov 20, 2014
$0.0900
$0.0900
Quarterly0.00%
Jul 23, 2014
Aug 7, 2014Aug 21, 2014
$0.0900
$0.0900
Quarterly+12.50%
Mar 26, 2014
Apr 8, 2014Apr 23, 2014
$0.0800
$0.0800
Quarterly-
hfwa

Heritage Financial Corporation Payout Ratio Analysis

HFWA ยท NASDAQ
Dividends Paid
-32.65M
2025
Net Income
67.53M
2025
Payout Ratio
48.35%
2025

Dividend Sustainability Analysis

Payout Ratio
48.35%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
38.1%

Excellent FCF coverage. Dividend is well-supported by actual cash generation with ample room for increases and business reinvestment.

Dividend Growth
-2.7%

Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.

Sustainability
Good

Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.