Bank of Hawaii Corporation Declares Quarterly Dividend of $0.70 (NYSE:BOH)

Bank of Hawaii Corporation (NYSE:BOH – Get Free Report) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Monday, August 31st will be given a dividend of 0.70 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, August 31st.

Bank of Hawaii has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Bank of Hawaii has a dividend payout ratio of 54.3% meaning 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%.

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Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock traded down $3.98 on Monday, hitting $79.99. The company’s stock had a trading volume of 1,021,524 shares, compared to its average volume of 422,873. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 0.69. Bank of Hawaii has a 1 year low of $59.36 and a 1 year high of $86.31. The firm has a fifty day moving average price of $80.09 and a 200-day moving average price of $77.28. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70.

Bank of Hawaii (NYSE:BOH – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. The company had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same quarter in the prior year, the business posted $1.06 earnings per share. As a group, sell-side analysts anticipate that Bank of Hawaii will post 5.89 earnings per share for the current fiscal year.

About Bank of Hawaii

(Get Free Report)

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.

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