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

BOK Financial Corporation (NASDAQ:BOKFGet Free Report) announced a quarterly dividend on Tuesday, August 4th, NASDAQ Dividends reports. Investors of record on Wednesday, August 19th will be given 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 of this dividend is Wednesday, August 19th.

BOK Financial has raised its dividend payment by an average of 0.0%per year 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. Equities 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

BOKF stock opened at $146.07 on Monday. The stock has a 50-day moving average price of $138.90 and a two-hundred day moving average price of $133.37. BOK Financial has a 1 year low of $102.72 and a 1 year high of $146.38. The stock has a market cap of $8.88 billion, a PE 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:BOKFGet Free Report) last posted its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The firm had revenue of $602.54 million for the quarter, compared to analyst estimates of $568.08 million. During the same period in the prior year, the company earned $2.19 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that BOK Financial will post 10.32 EPS for the current fiscal year.

About BOK Financial

(Get Free Report)

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.

See Also

Dividend History for BOK Financial (NASDAQ:BOKF)

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