Territorial Bancorp (TBNK) Declares $0.23 Quarterly Dividend; 3.7% Yield

Territorial Bancorp (NASDAQ: TBNK) declared a quarterly dividend of $0.23 per share, or $0.92 annualized.

The dividend will be payable on May 28, 2020, to stockholders of record on May 14, 2020, with an ex-dividend date of May 13, 2020.

The annual yield on the dividend is 3.7 percent.

Allan Kitagawa, Chairman and Chief Executive Officer, said, “The Company continued to perform well in the first quarter of 2020 despite the economic uncertainties created by COVID-19. Our total assets and deposits grew in the first quarter and we continued to emphasize maintaining strong asset quality. Our emphasis on asset quality and our strong capital position should allow the Company to work through the challenges we face with the COVID-19 pandemic.”

For a dividend history and other dividend-related data on Territorial Bancorp (TBNK) click here.

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