Territorial Bancorp Inc. (TBNK) will pay a special cash dividend of $0.20 per share payable on December 21, 2016 to shareholders of record as of December 10, 2016.  Last year a special dividend of $0.10 per share was paid in December 2015.

Allan Kitagawa, Chairman and Chief Executive Officer said, “The Company continues to perform well in 2016.  To thank our shareholders for their support and confidence in the Company, we have declared a special dividend of $0.20 per share that will be paid on December 21, 2016. If you acquired stock in our 2009 initial public offering at $10.00 per share, you will have received dividends in 2016 equal to 9.2% of your initial investment in the Company.”

The regular annual dividend of $0.72 per share translates into an estimated yield of 2.2% at the current stock price of $31.47.

Territorial Bancorp Inc. is a bank holding company, headquartered in Honolulu, Hawaii. Its subsidiary Territorial Savings Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of Hawaii.