Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
61
Table of Contents
WAFD, INC. AND SUBSIDIARIES
The following table provides information with respect to purchases of Common Stock made by or on behalf of the Company of the Company’s common stock during the three months ended June 30, 2024 under the Company's stock repurchase program.
Period Average Price
Paid Per Share Total Number of
Shares Purchased
as Part of Publicly
Announced Plan 1
Maximum
Number of Shares
That May Yet Be
Purchased Under
the Plan at the
End of the Period
April 1, 2024 to April 30, 2024 1,459 $ 28.40 — 1,853,453
May 1, 2024 to May 31, 2024 100,284 27.17 98,513 11,754,940
Jun 1, 2024 to June 30, 2024 255,560 26.41 253,935 11,501,005
Total 357,303 $ 26.63 352,448 11,501,005
1 The Company's stock repurchase program was publicly announced by its Board of Directors on February 3, 1995 and has no expiration date. Under this ongoing program, a total of 86,956,264 shares are authorized for repurchase. This includes the 10,000,000 additional shares authorized by the Board of Directors on May 14, 2024.
The Company’s ability to pay dividends is subject to bank regulatory requirements, including (but not limited to) the capital adequacy regulations and policies established by the Board of Governors of the Federal Reserve System. The Company’s Board of Directors' dividend policy is to review our financial performance, capital adequacy, regulatory compliance and cash resources on a quarterly basis, and, if such review is favorable, to declare and pay a quarterly cash dividend to common shareholders. The Company’s 4.875% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred”), ranks senior to the Company’s common stock with respect to payment of dividends, and dividends (if declared) accrue and are payable on the Series A Preferred a rate of 4.875% per annum, payable quarterly, in arrears. While the Series A Preferred is outstanding, unless the full dividend for the preceding quarterly period is paid in full, or declared and a sum set aside, no dividend may be declared or paid on the Company’s common stock.
Item 3. Defaults Upon Senior Securities
Not applicable
Item 4. Mine Safety Disclosures
Not applicable
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