NEW YORK ( TheStreet) -- The ex-dividend date for Washington Federal (Nasdaq: WFSL) is tomorrow, July 6, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $16.60 as of 10:02 a.m. ET, the dividend yield is 1.4%. The average volume for Washington Federal has been 702,500 shares per day over the past 30 days. Washington Federal has a market cap of $1.9 billion and is part of the financial sector and banking industry. Shares are down 1.3% year to date as of the close of trading on Friday. Washington Federal, Inc. operates as the holding company for Washington Federal, which provides various financial services in the United States. The company has a P/E ratio of 23.9, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Washington Federal as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Washington Federal Ratings Report. See our dividend calendar or top-yielding stocks list.