First Hawaiian, Inc. (NASDAQ:FHB) Announces $0.26 Quarterly Dividend

First Hawaiian, Inc. (NASDAQ:FHB) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, May 18th will be paid a dividend of 0.26 per share by the bank on Friday, May 29th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, May 18th.

First Hawaiian has a dividend payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Hawaiian to earn $2.46 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 42.3%.

First Hawaiian Stock Down 0.9%

Shares of First Hawaiian stock opened at $26.41 on Friday. First Hawaiian has a twelve month low of $22.65 and a twelve month high of $28.35. The company has a 50-day simple moving average of $25.65 and a two-hundred day simple moving average of $25.74. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.96 and a beta of 0.75.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The business had revenue of $220.35 million during the quarter, compared to analysts’ expectations of $223.59 million. During the same quarter in the previous year, the company earned $0.47 EPS. On average, sell-side analysts anticipate that First Hawaiian will post 2.33 earnings per share for the current fiscal year.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.