Territorial Bancorp (TBNK) Declares $0.22 Quarterly Dividend; 3.3% Yield

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Territorial Bancorp Inc. Declares Dividend

January 22, 2019 4:40 PM EST

HONOLULU, Hawaii, Jan. 22, 2019 (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 $0.22 per share.  The dividend is expected to be paid on February 19, 2019 to stockholders of record as of February 5, 2019.

Allan Kitagawa, Chairman and Chief Executive Officer, said, In 2018, the Company performed well despite the challenges from rising interest rates and home prices in Hawaii.  Our strong performance has allowed us to grow our loan portfolio and interest income. 

Forward-looking statements -... More