Bank of Hawaii Corporation (NYSE:BOH) Shares to Pay Quarterly Dividend of $0.70

Key Points

• Bank of Hawaii declared a quarterly dividend of $0.70 per share, payable December 14 to shareholders of record on November 30. The annualized dividend is $2.80 per share, representing a 4.0% yield.
• The dividend appears well covered, with a current payout ratio of 54.3% and an expected future payout ratio of 43.1% based on projected earnings.
• In its latest quarter, Bank of Hawaii reported $1.49 in EPS and $198.76 million in revenue, narrowly missing analyst expectations for both measures.

Bank of Hawaii Corporation (NYSE:BOH - Get Free Report) announced a quarterly dividend on Monday, October 26th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, November 30th.

Bank of Hawaii has a payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

BOH stock traded up $0.01 during mid-day trading on Monday, reaching $70.61. The company had a trading volume of 568,491 shares, compared to its average volume of 414,178. Bank of Hawaii has a one year low of $62.51 and a one year high of $86.31. The stock has a market capitalization of $2.79 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.86 and a beta of 0.72. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The stock's 50-day simple moving average is $72.66 and its two-hundred day simple moving average is $77.12.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, October 26th. The bank reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). The firm 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 business earned $1.20 EPS. Research analysts anticipate that Bank of Hawaii will post 5.88 EPS for the current year.

Bank of Hawaii Company Profile

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.

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