East West Bancorp, Inc. (EWBC) to Issue Quarterly Dividend of $0.80 on November 17th

East West Bancorp, Inc. (NASDAQ:EWBC) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.80 per share by the financial services provider on Tuesday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 2nd.

East West Bancorp has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. East West Bancorp has a dividend payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect East West Bancorp to earn $11.41 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 28.0%.

East West Bancorp Stock Up 2.4%

Shares of NASDAQ EWBC opened at $131.39 on Thursday. The company has a 50 day simple moving average of $128.24 and a 200 day simple moving average of $126.79. The firm has a market cap of $18.00 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98. East West Bancorp has a 1 year low of $98.08 and a 1 year high of $137.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.88.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.04. East West Bancorp had a net margin of 30.75% and a return on equity of 16.07%. The firm had revenue of $822.72 million for the quarter, compared to analyst estimates of $811.07 million. During the same period in the previous year, the firm posted $2.65 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts forecast that East West Bancorp will post 10.64 EPS for the current year.

East West Bancorp Company Profile

East West Bancorp, Inc is the parent company of East West Bank, a full-service commercial bank headquartered in Pasadena, California. The bank serves businesses, professionals, consumers and institutions through a range of deposit, lending and financial services.

Its products and services include commercial and industrial loans, commercial real estate financing, residential and consumer lending, checking and savings accounts, treasury management, international banking, wealth management and foreign-exchange services.