Central Pacific Financial Corp. (CPF) To Go Ex-Dividend on August 30th

Central Pacific Financial Corp. (NYSE:CPF) announced a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.26 per share by the financial services provider on Monday, September 16th. This represents a $1.04 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Friday, August 30th.

Central Pacific Financial has increased its dividend payment by an average of 4.2% per year over the last three years. Central Pacific Financial has a dividend payout ratio of 44.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Central Pacific Financial to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 44.3%.

Central Pacific Financial Stock Performance

Shares of NYSE:CPF opened at $25.81 on Friday. The stock has a market capitalization of $697.90 million, a P/E ratio of 12.59 and a beta of 1.12. Central Pacific Financial has a 1-year low of $14.69 and a 1-year high of $27.48. The business has a 50-day moving average price of $21.73 and a two-hundred day moving average price of $20.29. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37.

Insider Transactions at Central Pacific Financial

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $22.67, for a total transaction of $75,559.11. Following the completion of the transaction, the director now directly owns 75,357 shares in the company, valued at approximately $1,708,343.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

About Central Pacific Financial

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.