First Hawaiian, Inc. (NASDAQ:FHB) to Issue Quarterly Dividend of $0.26

First Hawaiian, Inc. (NASDAQ:FHB) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 17th will be given a dividend of 0.26 per share by the bank on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, August 17th.

First Hawaiian has a dividend payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Hawaiian to earn $2.57 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 40.5%.

First Hawaiian Price Performance

FHB stock traded down $0.54 during midday trading on Friday, reaching $28.11. 4,395,099 shares of the stock were exchanged, compared to its average volume of 1,787,597. First Hawaiian has a 52 week low of $22.65 and a 52 week high of $30.58. The stock has a market capitalization of $3.42 billion, a PE ratio of 12.33, a P/E/G ratio of 1.57 and a beta of 0.72. The company has a fifty day moving average price of $28.34 and a 200 day moving average price of $26.84.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, July 24th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $231.27 million for the quarter, compared to analyst estimates of $227.77 million. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.During the same quarter in the previous year, the company posted $0.58 EPS. As a group, analysts anticipate that First Hawaiian will post 2.38 earnings per share for the current fiscal year.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.