BOK Financial Corporation Declares Quarterly Dividend of $0.63 (NASDAQ:BOKF)

BOK Financial Corporation (NASDAQ:BOKF) declared a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Thursday, February 19th will be paid a dividend of 0.63 per share by the bank on Thursday, March 5th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, February 19th.

BOK Financial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 20 years. BOK Financial has a payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BOK Financial to earn $9.15 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 27.5%.

BOK Financial Price Performance

Shares of NASDAQ:BOKF traded up $2.62 on Wednesday, hitting $134.61. The company’s stock had a trading volume of 522,729 shares, compared to its average volume of 344,740. The company has a market capitalization of $8.51 billion, a PE ratio of 14.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50-day simple moving average of $122.40 and a 200 day simple moving average of $113.18. BOK Financial has a 1 year low of $85.07 and a 1 year high of $138.09.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. The business had revenue of $589.56 million for the quarter, compared to the consensus estimate of $550.05 million. During the same period last year, the firm posted $2.12 earnings per share. Sell-side analysts forecast that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.