First Hawaiian (NASDAQ: FHB) declared a quarterly dividend of $0.26 per share, or $1.04 annualized. This is an 8.3% increase from the prior dividend of $0.24.

The dividend will be payable on March 8, 2019, to stockholders of record on February 25, 2019, with an ex-dividend date of February 22, 2019.

The annual yield on the dividend is 4.1 percent.

“2018 was another milestone year for First Hawaiian as we celebrated our 160th anniversary, and we capped it off with a great fourth quarter,” said Bob Harrison, Chairman and Chief Executive Officer. “We had solid core earnings, driven by strong growth in loans and deposits, expansion in the net interest margin and excellent asset quality. We also continued to optimize our balance sheet by restructuring the investment portfolio in early January, which will be immediately accretive to income. This action, along with the strong loan and deposit growth in the quarter, positions us well for 2019.”

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