Hancock Whitney Corporation (NASDAQ:HWC) to Issue Quarterly Dividend of $0.50

Key Points

• Hancock Whitney declared a quarterly dividend of $0.50 per share, payable December 15 to shareholders of record on December 4. The annualized dividend is $2.00 per share, representing a 2.8% yield.
• The dividend appears well covered, with a current payout ratio of 34.4%; analysts expect next year’s earnings to support a projected payout ratio of 27.8%. The company has raised its dividend for three consecutive years.
• Hancock Whitney reported quarterly earnings of $1.66 per share, matching estimates, while revenue of $421.91 million slightly exceeded expectations. Shares recently traded at $72.00, with a market capitalization of approximately $5.78 billion.

Hancock Whitney Corporation (NASDAQ:HWC - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, December 4th will be given a dividend of $0.50 per share on Tuesday, December 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, December 4th.

Hancock Whitney has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 3 years. Hancock Whitney has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hancock Whitney to earn $7.19 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 27.8%.

Hancock Whitney Price Performance

Shares of NASDAQ HWC traded down $0.60 during mid-day trading on Friday, hitting $72.00. 131,989 shares of the stock traded hands, compared to its average volume of 861,768. Hancock Whitney has a twelve month low of $55.11 and a twelve month high of $80.13. The firm has a 50 day simple moving average of $73.70 and a two-hundred day simple moving average of $70.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $5.78 billion, a PE ratio of 14.50 and a beta of 0.97.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $1.66 earnings per share for the quarter, hitting the consensus estimate of $1.66. Hancock Whitney had a return on equity of 11.65% and a net margin of 20.51%. The company had revenue of $421.91 million for the quarter, compared to analysts' expectations of $421.75 million. During the same period in the previous year, the business posted $1.49 earnings per share. As a group, equities research analysts forecast that Hancock Whitney will post 6.42 EPS for the current fiscal year.

About Hancock Whitney

Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. The bank provides banking and financial services to individuals, businesses, and institutions through branches and digital banking channels.

Its products and services include checking and savings accounts, consumer and commercial lending, residential mortgages, credit cards, treasury and cash management services, and online and mobile banking.

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