BOK Financial Corporation (BOKF) to Distribute Quarterly Dividend of $0.63 on September 2nd

BOK Financial Corporation (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, August 4th, NASDAQ Dividends reports. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.63 per share by the bank on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, August 19th.

BOK Financial has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 20 years. BOK Financial has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect BOK Financial to earn $10.89 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 23.1%.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $146.07 on Monday. The business has a 50 day simple moving average of $138.90 and a 200-day simple moving average of $133.37. BOK Financial has a twelve month low of $102.72 and a twelve month high of $146.38. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 13.77 and a beta of 0.80. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The business had revenue of $602.54 million for the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company posted $2.19 earnings per share. As a group, equities research analysts expect that BOK Financial will post 10.32 earnings per share for the current year.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.