Hancock Whitney Corporation (NASDAQ:HWC) Announces $0.50 Quarterly Dividend

Hancock Whitney Corporation (NASDAQ:HWC) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.50 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, September 4th.

Hancock Whitney has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Hancock Whitney has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hancock Whitney to earn $7.23 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 27.7%.

Hancock Whitney Price Performance

Shares of NASDAQ HWC opened at $76.29 on Friday. The firm’s 50-day simple moving average is $72.86 and its 200 day simple moving average is $69.06. The stock has a market cap of $6.19 billion, a P/E ratio of 14.96 and a beta of 0.95. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.04. Hancock Whitney has a fifty-two week low of $54.05 and a fifty-two week high of $79.36.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. Hancock Whitney had a net margin of 21.81% and a return on equity of 11.36%. The company had revenue of $403.57 million for the quarter, compared to the consensus estimate of $398.89 million. During the same period in the previous year, the firm earned $1.37 EPS. Hancock Whitney’s revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Hancock Whitney will post 6.45 EPS for the current year.

About Hancock Whitney

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.