East-West Bancorp (EWBC) Raises Quarterly Dividend 20% to $0.33; 2.1% Yield

East-West Bancorp (NASDAQ: EWBC) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is a 20% increase from the prior dividend of $0.275.

The dividend will be payable on February 23, 2021, to stockholders of record on February 9, 2021, with an ex-dividend date of February 8, 2021.

The annual yield on the dividend is 2.1 percent.

“Thanks to the tireless commitment of all our associates, East West successfully navigated the challenges posed by the COVID-19 pandemic in 2020, delivering solid financial performance. For the full year 2020, we earned a return on average assets of 1.16% and return on average equity of 11.2%,” stated Dominic Ng, Chairman and Chief Executive Officer of East West. “We ended 2020 on a strong note and are raising our common stock dividend by 20%.”

For a dividend history and other dividend-related data on East-West Bancorp (EWBC) click here.

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