Tuesday, June 26, 2007

Duke Energy and Washington Federal Announce Dividend Increases

Today, Washington Federal (WFSL) announced a 2.4% increase in the company's quarterly dividend to 21 cents per share versus 20.5 cents per share in the same quarter last year. The estimated payout ratio based on 2007 estimated earnings of $1.56 is 54%. Historically, WFSL has a practice of paying a 10% stock dividend. However, these declarations generally occur in January and the company did not declare stock dividends in 2006 and 2007.

Duke Energy (DUK) also announced a dividend increase today of 4.8%. The quarterly dividend increases to 22 cents per share versus 21 cents per share in the YOY quarter. The estimated 2007 payout ratio is 73% based on 2007 estimated earnings of $1.20.

(click on table/chart for larger image)

Duke Energy and Washington Federal Dividend table. June 26, 2007
Duke Energy and Washington Federal stock chart. June 26,2007


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