BBCN Bancorp (BBCN) Raises Quarterly Dividend 50% to $0.075; 1.9% Yield

July 23, 2013 8:36 AM EDT
BBCN Bancorp (NASDAQ: BBCN) declared a quarterly dividend of $0.075 per share, or $0.3 annualized. This is a 50% increase from the prior dividend of $0.05.

The dividend will be payable on August 16, 2013, to stockholders of record on August 2, 2013, with an ex-dividend date of July 31, 2013.

The annual yield on the dividend is 1.9 percent.

"Since the formation of BBCN in November 2011, the Company has consistently delivered strong operational results, profitability and capital strength," said Kevin S. Kim, Chairman and Chief Executive Officer. "The cash dividend increase reflects the Board's confidence in the sustainability of this performance, as well as its commitment to building long-term shareholder value as the leading Korean-American bank in the nation."

For a dividend history and other dividend-related data on BBCN BANCORP (BBCN) click here.

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