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

Hancock Whitney Corporation (NASDAQ:HWC) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.50 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, September 4th.

Hancock Whitney has raised its dividend 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hancock Whitney to earn $7.23 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 27.7%.

Hancock Whitney Price Performance

Hancock Whitney stock opened at $76.29 on Friday. The company’s fifty day moving average price is $72.86 and its 200 day moving average price is $69.06. Hancock Whitney has a 1 year low of $54.05 and a 1 year high of $79.36. The stock has a market capitalization of $6.19 billion, a P/E ratio of 14.96 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.80.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $403.57 million during the quarter, compared to analyst estimates of $398.89 million. Hancock Whitney had a net margin of 21.81% and a return on equity of 11.36%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. As a group, equities research analysts anticipate that Hancock Whitney will post 6.45 earnings per share for the current fiscal year.

About Hancock Whitney

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.