Central Pacific Financial Corp. (NYSE:CPF – Get Free Report) declared a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.26 per share by the financial services provider on Monday, September 16th. This represents a $1.04 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, August 30th.
Central Pacific Financial has increased its dividend by an average of 4.2% annually over the last three years. Central Pacific Financial has a payout ratio of 44.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Central Pacific Financial to earn $2.35 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 44.3%.
Central Pacific Financial Price Performance
Shares of NYSE:CPF opened at $26.10 on Thursday. Central Pacific Financial has a 1-year low of $14.69 and a 1-year high of $27.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.85. The business has a fifty day moving average price of $21.63 and a 200-day moving average price of $20.25. The company has a market capitalization of $705.80 million, a PE ratio of 12.73 and a beta of 1.13.
Insider Activity
About Central Pacific Financial
Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.
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