Territorial Bancorp (TBNK) Raises Quarterly Dividend 11.1% to $0.20; 2.4% Yield

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Territorial Bancorp Inc. Declares Dividend

January 26, 2017 4:40 PM EST

HONOLULU, Jan. 26, 2017 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved an increase in the quarterly cash dividend from $0.18 per share to $0.20 per share.  The dividend is expected to be paid on February 23, 2017 to stockholders of record as of February 9, 2017.

 Allan Kitagawa, Chairman and Chief Executive Officer, said, Hawaiis strong economy has allowed us to increase the size of our loan portfolio by originating new mortgage loans, although rising interest rates may... More