First Hawaiian, Inc. (NASDAQ:FHB) Shares Will Pay Quarterly Dividend of $0.26

First Hawaiian, Inc. (NASDAQ:FHB) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.26 per share by the bank on Friday, November 27th. This represents a $1.04 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, November 16th.

First Hawaiian has a dividend payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Hawaiian to earn $2.56 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 40.6%.

First Hawaiian Stock Down 3.0%

Shares of NASDAQ:FHB traded down $0.79 during midday trading on Friday, reaching $25.34. The company had a trading volume of 5,798,257 shares, compared to its average volume of 1,874,799. The business’s 50 day moving average price is $25.56 and its 200 day moving average price is $27.00. The stock has a market cap of $3.08 billion, a PE ratio of 11.02, a P/E/G ratio of 1.31 and a beta of 0.76. First Hawaiian has a 1-year low of $23.26 and a 1-year high of $30.58.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, October 23rd. The bank reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). The company had revenue of $230.23 million during the quarter, compared to the consensus estimate of $229.20 million. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, research analysts expect that First Hawaiian will post 2.39 earnings per share for the current fiscal year.

About First Hawaiian

First Hawaiian, Inc is the parent company of First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858, First Hawaiian Bank is the oldest bank in Hawaii and serves consumers, businesses, and government entities across the Pacific.

The bank provides a broad range of financial products and services, including checking and savings accounts, consumer and residential loans, commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.