Territorial Bancorp (TBNK) Declares $0.23 Quarterly Dividend; 4.6% Yield

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Territorial Bancorp Inc. Declares Dividend

October 27, 2022 4:40 PM EDT

HONOLULU, Oct. 27, 2022 (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 $0.23 per share. The dividend is expected to be paid on November 23, 2022 to stockholders of record as of November 10, 2022.

Allan Kitagawa, Chairman and Chief Executive Officer, said, In the third quarter of 2022, we were able to increase our total interest income by 5.73% and net interest income by 3.45%. Rising interest rates have increased... More