First Hawaiian (NASDAQ: FHB) declared a quarterly dividend of $0.24 per share, or $0.96 annualized.

The dividend will be payable on December 7, 2018, to stockholders of record on November 26, 2018, with an ex-dividend date of November 23, 2018.

The annual yield on the dividend is 4 percent.

”I’m pleased with our strong financial performance in the third quarter,” said Bob Harrison, Chairman and Chief Executive Officer. “We had solid core earnings and good expense management, and asset quality remained excellent. Additionally, during the quarter, BNPP made significant progress in exiting its position in First Hawaiian by completing two secondary offerings, which, in conjunction with First Hawaiian’s repurchase of approximately 1.8 million shares, reduced BNPP’s ownership position from 48.8% to 18.4%. Also significant was the change in board composition, as the number of BNPP-nominated directors was decreased from five to two and three prominent members of the local business community, Faye Kurren, Jenai Wall, and C. Scott Wo, joined the board, resulting in a majority of independent directors.”

For a dividend history and other dividend-related data on First Hawaiian (FHB) click here.