Territorial Bancorp (TBNK) Declares $0.23 Quarterly Dividend; 3.8% Yield

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Territorial Bancorp Inc. Declares Dividend

January 26, 2023 4:40 PM EST

HONOLULU, Jan. 26, 2023 (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 February 23, 2023 to stockholders of record as of February 9, 2023.

Allan Kitagawa, Chairman and Chief Executive Officer, said, While 2022s, and likely 2023s, interest rate environment makes it challenging, we expect that our strong capital and solid asset quality will sustain us through this cycle. We... More