Territorial Bancorp (TBNK) Declares $0.23 Quarterly Dividend; 5.4% Yield

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Territorial Bancorp Inc. Declares Dividend

April 27, 2023 4:40 PM EDT

HONOLULU, April 27, 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 May 25, 2023 to stockholders of record as of May 11, 2023.

Allan Kitagawa, Chairman and Chief Executive Officer, said, While the current interest rate cycle and recent market events have made it very challenging for all banks, we expect our strong capital, solid asset quality and... More