HFWA (Heritage Financial) Dividend Yield %: 3.28% (As of Jun. 25, 2026) — Near Median


HFWA Heritage Financial Corp HFWA
63 GF Score
Price $29.32
GF Value $27.20
Valuation Fairly Valued
! 4 Warning Signs
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What is Heritage Financial Dividend Yield %?

Heritage Financial HFWA +1.14% 63 Dividend Yield % is 3.28% as of Jun. 25, 2026, which is 2% above its 10-year median of 3.20. GuruFocus rates HFWA with a GF Score™ of 63/100 and a GF Value™ of $27.20 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,251 Banks companies, Heritage Financial ranks better than 56.2% on this metric.

As of today (2026-06-25), the Trailing Annual Dividend Yield of Heritage Financial is 3.28%.

Warning Sign:

Heritage Financial Corp stock Dividend Yield % is close to 3-year low.

The historical rank and industry rank for Heritage Financial's Dividend Yield % or its related term are showing as below:

HFWA' s Dividend Yield % Range Over the Past 10 Years
Min: 1.51   Med: 3.2   Max: 5.57
Current: 3.28

During the past 13 years, the highest Dividend Yield of Heritage Financial was 5.57%. The lowest was 1.51%. And the median was 3.20%.

HFWA's Dividend Yield % is ranked better than
56.2% of 1251 companies
in the Banks industry
Industry Median: 3.03 vs HFWA: 3.28

Heritage Financial's Dividend Payout Ratio for the three months ended in Mar. 2026 was 0.41.

During the past 13 years, the highest Dividend Payout Ratio of Heritage Financial was 0.77. The lowest was 0.31. And the median was 0.39.

As of today (2026-06-25), the Forward Dividend Yield % of Heritage Financial is 3.28%.

Heritage Financial's Dividends per Share for the three months ended in Mar. 2026 was $0.24.

During the past 12 months, Heritage Financial's average Dividends Per Share Growth Rate was 3.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Heritage Financial was 73.50% per year. The lowest was -49.80% per year. And the median was 13.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.


Heritage Financial  (NAS:HFWA) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Heritage Financial Dividend Yield % Related Terms


Heritage Financial Dividend Yield % Historical Data

* Premium members only.

The historical data trend for Heritage Financial's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heritage Financial Dividend Yield % Chart

Heritage Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.31 2.74 4.11 3.76 4.06

Heritage Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.82 3.94 3.93 4.06 3.69

HFWA vs PFBC, MCB, UVSP: Dividend Yield % Comparison

For the Banks - Regional subindustry, Heritage Financial's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Heritage Financial Dividend Yield % vs Banks Industry

For the Banks industry and Financial Services sector, Heritage Financial's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Heritage Financial's Dividend Yield % falls into.


HFWA
63GF Score
Heritage Financial Corp HFWA
Dividend Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heritage Financial Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Heritage Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2400002026-05-062026-05-062026-05-20Cash DividendquarterlyUSD:USD 1.000000
USD 0.2400002026-01-282026-01-282026-02-11Cash DividendquarterlyUSD:USD 1.000000
USD 0.2400002025-11-052025-11-052025-11-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.2400002025-08-062025-08-062025-08-20Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Heritage Financial's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.96/29.32
=3.27 %

Current Share Price is $29.32.
Heritage Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.96.

Heritage Financial's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.96/29.32
=3.27 %

Current Share Price is $29.32.
Heritage Financial's Dividends per Share for the forward twelve months is calculated as $0.24 * 4 = $0.96.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Yield % →
What does a Dividend Yield % of 3.28% mean?
Heritage Financial (HFWA) has a Dividend Yield % of 3.28% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Heritage Financial and its competitors. This is near median its historical median of 3.20. Over the past decade, Heritage Financial's Dividend Yield % has ranged from 1.51 to 5.57. According to the industry distribution chart, Heritage Financial ranks #548 out of 1251 companies in the Banks industry, placing it in the top 43.8%.
Is Heritage Financial's Dividend Yield % too high?
Heritage Financial's current Dividend Yield % of 3.28% is near median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 5.57. The Banks industry median Dividend Yield % is 3.03. Heritage Financial's value of 3.28% is 8.3% above this industry median. Based on the distribution chart, Heritage Financial ranks #548 out of 1251 companies in the Banks industry, which is above the industry midpoint. Overall, Heritage Financial has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heritage Financial's Dividend Yield % compare to PFBC and MCB?
According to the Banks industry distribution chart, Heritage Financial ranks #548 out of 1251 companies for Dividend Yield %. This puts Heritage Financial in the upper half of its industry. The industry median Dividend Yield % is 3.03. Heritage Financial's value of 3.28% is 8.3% above this benchmark. Historically, Heritage Financial's own Dividend Yield % has ranged from 1.51 to 5.57 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 3.03, Heritage Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a Banks company?
The median Dividend Yield % among Banks companies is 3.03, based on 1,251 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heritage Financial's current Dividend Yield % of 3.28% is 8.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Heritage Financial and its competitors. For the Banks industry, the median Dividend Yield % is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Financial's current Dividend Yield % is 3.28%, which is near median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Financial stock overvalued right now?
Based on GuruFocus' analysis, Heritage Financial (HFWA) is currently considered Fairly Valued. The stock's GF Value™ is $27.20, compared to a current price of $29.32 — trading 7.8% above its estimated fair value. The current Dividend Yield % is 3.28%, which is near median its 10-year median of 3.20 and 8.3% above the Banks industry median of 3.03. Heritage Financial's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Heritage Financial (HFWA), the current Dividend Yield % is 3.28% as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Heritage Financial (HFWA) Overvalued in 2026?

Based on GuruFocus' analysis, Heritage Financial stock appears to be overvalued. The current stock price of $29.32 is trading 7.8% above its estimated GF Value™ of $27.20. GuruFocus considers Heritage Financial to be Fairly Valued.

Key valuation signals for HFWA:

  • Dividend Yield %: 3.28% (near median its 10-year median of 3.20)
  • GF Value™: $27.20 vs. price of $29.32 (7.8% above fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 8.3% above the Banks median (#548 of 1251)

No single metric tells the full story. See the HFWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heritage Financial Business Description

Address 201 Fifth Avenue SW, Olympia, WA, USA, 98501
Heritage Financial Corp is a bank holding company. The company, through its subsidiary, provides commercial lending and deposit relationships with small businesses and their owners in its market areas and attracts deposits from the general public. It accepts various deposit products, such as non-interest demand accounts, money market accounts, savings accounts, and certificates of deposit. Besides, the Bank also makes real estate construction loans, land development loans, and consumer loans, and originates first mortgage loans on residential properties mainly located in its market area. Geographically, all the business activity functions through the region of the United States.
63GF Score

Get the complete analysis for HFWA

Dividend Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$29.32
Price
$27.20
GF Value