Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has declared a special cash dividend of $0.10 per share payable on January 20, 2021 to shareholders of record as of January 6, 2021.

Allan Kitagawa, Chairman and Chief Executive Officer, said, “We are pleased to announce a special dividend of $0.10 per share. This year has been very challenging but we have been working diligently to produce good results for our shareholders. Including this special dividend and other dividends paid in 2020, stock purchased in our initial public offering at $10.00 per share will earn dividends equal to 10.2% of their initial investment in Territorial Bancorp Inc.”