Heritage Financial Declares Special Cash Dividend

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Nov 21, 2014, 08:00 ET

OLYMPIA, Wash., Nov. 21, 2014 /PRNewswire/ -- Heritage Financial Corporation ("Company") (Nasdaq: HFWA) announced today that the Board of Directors declared a special cash dividend. The cash dividend of $0.16 per common share will be paid on December 12, 2014 to shareholders of record on December 2, 2014.

Brian L. Vance, President and Chief Executive Officer commented, "During the past several years we have focused on managing our capital in several ways, which includes asset growth, regular and special cash dividends as well as stock repurchases. We are pleased to announce a special cash dividend. With this special dividend, cash dividends for 2014 total $0.50 per common share compared to $0.42 per common share in 2013 or a 19% increase in total annual cash dividends.

Direct deposit of dividends is available for registered holders of Heritage Financial Corporation shares. The quickest way for registered holders to have their dividends deposited directly into a transaction account is to log-in to the "Investor Centre" area of the transfer agent's website at www.computershare.com. Registered holders of Heritage Financial Corporation shares may also enroll in this service by calling Computershare at 1-800-962-4284 and requesting an enrollment form.

About Heritage Financial
Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary. Heritage Bank has a branching network of 67 banking offices in Washington and Oregon. Heritage Bank also does business under the Central Valley Bank name in the Yakima and Kittitas counties of Washington and under the Whidbey Island Bank name on Whidbey Island. Heritage's stock is traded on the NASDAQ Global Select Market under the symbol "HFWA". More information about Heritage Financial Corporation can be found on its website at www.hf-wa.com and more information about Heritage Bank can be found on its website at www.heritagebanknw.com.

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SOURCE Heritage Financial Corporation