BOK Financial Corporation Announces Quarterly Dividend of $0.63 (NASDAQ:BOKF)

Key Points

• BOK Financial declared a quarterly dividend of $0.63 per share, payable September 2 to shareholders of record as of August 19. The dividend implies an annualized payout of $2.52 and a 1.7% yield.
• The bank has increased its dividend for 20 consecutive years, with a payout ratio of 28.3%, indicating the current dividend is well covered by earnings.
• BOK Financial reported quarterly earnings of $2.59 per share, below analyst expectations of $2.68, while revenue of $602.54 million exceeded estimates and rose 5.4% year over year.

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) declared a quarterly dividend on Tuesday, August 4th, NASDAQ Dividends reports. Investors 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) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, August 19th.

BOK Financial has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 20 years. BOK Financial has a dividend payout ratio of 28.3% indicating that 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 Stock Performance

NASDAQ:BOKF opened at $146.07 on Monday. 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 has a 12 month low of $102.72 and a 12 month high of $146.38. The company has a market cap of $8.88 billion, a PE ratio of 13.77 and a beta of 0.80. The company has a 50 day simple moving average of $138.90 and a two-hundred day simple moving average of $133.37.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $602.54 million for the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. BOK Financial's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.19 earnings per share. Research analysts forecast 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.

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