Hanmi Financial (HAFC) Raises Quarterly Dividend 14.3% to $0.24; 3% Yield

Hanmi Financial (NASDAQ: HAFC) declared a quarterly dividend of $0.24 per share, or $0.96 annualized. This is a 14.3% increase from the prior dividend of $0.21.

The dividend will be payable on February 23, 2018, to stockholders of record on February 5, 2018, with an ex-dividend date of February 2, 2018.

The annual yield on the dividend is 3 percent.

“I am pleased to announce this increase in our quarterly dividend, which is one of the benefits of Hanmi’s strong financial performance and the passage of the Tax Cuts and Jobs Act that significantly enhances the earnings power of the Company,” said Mr. C. G. Kum, President and Chief Executive Officer. “For the first quarter of 2018, shareholders will enjoy a 14% increase in the quarterly dividend, which brings our annualized dividend yield to 3.02% based on yesterday’s closing stock of $31.75. The Board of Directors is committed to rewarding Hanmi’s loyal shareholders and remains confident in our ability to continue generating profitable growth in 2018 and beyond.”

For a dividend history and other dividend-related data on Hanmi Financial (HAFC) click here.

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