Bank of Hawaii Corporation (NYSE:BOH) Shareholders to Receive $0.70 Quarterly Dividend

Bank of Hawaii Corporation (NYSE:BOH) announced a quarterly dividend on Monday, October 26th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.70 per share by the bank on Monday, December 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, November 30th.

Bank of Hawaii has a payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Hawaii to earn $6.49 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 43.1%.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock traded up $0.01 during trading on Monday, hitting $70.61. 568,491 shares of the company’s stock traded hands, compared to its average volume of 414,178. The company has a market cap of $2.79 billion, a PE ratio of 13.17, a PEG ratio of 0.86 and a beta of 0.72. The firm’s fifty day moving average price is $72.66 and its 200 day moving average price is $77.12. Bank of Hawaii has a twelve month low of $62.51 and a twelve month high of $86.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 26th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). The business had revenue of $198.76 million during the quarter, compared to analyst estimates of $202.59 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%. During the same period last year, the company earned $1.20 EPS. Analysts forecast that Bank of Hawaii will post 5.88 earnings per share for the current year.

About Bank of Hawaii

Bank of Hawaii Corporation is the parent company of Bank of Hawaii, a regional financial institution headquartered in Honolulu. Founded in 1897, the bank provides banking and financial services to consumers, businesses, and government entities, with a primary focus on Hawaii and selected Pacific markets.

Its consumer banking business offers deposit accounts, residential and consumer lending, credit cards, online and mobile banking, and other personal financial products. Through its commercial banking operations, Bank of Hawaii provides business loans, commercial real estate financing, treasury management, payments, and deposit services to companies and institutions.

The company also provides wealth management, trust, investment management, and private banking services.