Hancock Whitney Corporation Plans Quarterly Dividend of $0.50 (NASDAQ:HWC)

Hancock Whitney Corporation (NASDAQ:HWC) announced a quarterly dividend on Thursday, April 30th. Investors of record on Friday, June 5th will be given a dividend of 0.50 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, June 5th.

Hancock Whitney has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Hancock Whitney has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hancock Whitney to earn $6.71 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 29.8%.

Hancock Whitney Price Performance

NASDAQ:HWC traded down $0.25 during trading hours on Friday, reaching $67.26. 79,539 shares of the company’s stock were exchanged, compared to its average volume of 852,526. The company has a market capitalization of $5.48 billion, a P/E ratio of 13.83 and a beta of 1.02. Hancock Whitney has a 12 month low of $52.06 and a 12 month high of $75.43. The business’s 50-day simple moving average is $65.43 and its two-hundred day simple moving average is $64.43. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.04.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.04. Hancock Whitney had a return on equity of 11.20% and a net margin of 21.34%.The business had revenue of $393.64 million for the quarter, compared to analysts’ expectations of $400.01 million. During the same period in the previous year, the firm posted $1.38 EPS. The company’s quarterly revenue was down 19.7% on a year-over-year basis. Sell-side analysts expect that Hancock Whitney will post 6.28 EPS for the current fiscal year.

Hancock Whitney Company Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.