Territorial Bancorp (TBNK) Declares $0.20 Quarterly Dividend; 2.6% Yield

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Territorial Bancorp Inc. Declares Dividend

January 25, 2018 4:40 PM EST

HONOLULU, Jan. 25, 2018 (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 a quarterly cash dividend of $0.20 per share.  The dividend is expected to be paid on February 22, 2018 to stockholders of record as of February 8, 2018.

Allan Kitagawa, Chairman and Chief Executive Officer, said, The Company continues to perform well despite the increase in income tax expense that occurred in the fourth quarter due to changes in federal tax law.  Hawaiis economy, especially the... More