BOK Financial Corporation Declares Quarterly Dividend of $0.57 (NASDAQ:BOKF)

Key Points

• BOK Financial Corporation declared a quarterly dividend of $0.57 per share, with the ex-dividend date set for August 13th and payment scheduled for August 27th.
• The company's reported earnings per share (EPS) for the latest quarter was $2.19, exceeding expectations and leading to a forecasted EPS of 8.83 for the current fiscal year.
• BOK Financial's stock experienced a decline of 2.1%, with a current trading price of $101.53, amidst a market capitalization of $6.52 billion.

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) announced a quarterly dividend on Tuesday, July 29th, NASDAQ Dividends reports. Shareholders of record on Wednesday, August 13th will be paid a dividend of 0.57 per share by the bank on Wednesday, August 27th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, August 13th.

BOK Financial has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BOK Financial to earn $9.15 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 24.9%.

BOK Financial Stock Performance

Shares of NASDAQ BOKF traded up $0.68 during mid-day trading on Monday, hitting $99.25. The company had a trading volume of 37,372 shares, compared to its average volume of 193,057. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 11.92 and a beta of 0.88. BOK Financial has a 1 year low of $85.07 and a 1 year high of $121.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The stock's 50-day moving average price is $98.94 and its 200-day moving average price is $100.44.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.21. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%. The business had revenue of $525.50 million during the quarter, compared to analyst estimates of $521.80 million. During the same quarter in the prior year, the company posted $2.54 EPS. On average, sell-side analysts forecast that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Company Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.