Bank of Hawaii Corporation Declares Quarterly Dividend for Preferred Shares
Bank of Hawaii Corporation (NYSE:BOH) has declared a quarterly dividend of $0.2735 per share on its 4.375% Depositary Preference Shares Series A, offering an annualized yield of 7.36%. The dividend is payable to shareholders of record as of October 16 and will be distributed on November 2. The announcement comes amid ongoing financial performance discussions for the company, including a recent GAAP earnings per share (EPS) report that beat expectations by $0.02 at $1.47 but fell short in revenue with $196.9 million compared to forecasts. The bank also plans a $20 million buyback in Q3 and aims for a net interest margin of approximately 2.9% by year-end. Analysts have noted the company's resilience, though some suggest waiting before investing due to market conditions.
Tickers: $BOH
Topics: buybacks dividends earnings report net interest margin