Central Pacific Financial (CPF) will raise its quarterly dividend by 9.5 percent to $0.23 per share in the second quarter of 2019. This follows a 16.7 percent dividend hike by the Hawaii bank last year.
The dividend will be payable on June 17, 2019 to shareholders of record at the close of business on May 31, 2019. A new annual rate of 92 cents yields 3.1% at a stock price of $30.13.
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank. The Hawaii-based bank holding company operates branches and ATMs in the state of Hawaii.
2022