East West Bancorp, Inc. (EWBC) to Issue Quarterly Dividend of $0.80 on February 17th

East West Bancorp, Inc. (NASDAQ:EWBC) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Monday, February 2nd will be given a dividend of 0.80 per share by the financial services provider on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, February 2nd. This is a 33.3% increase from East West Bancorp’s previous quarterly dividend of $0.60.

East West Bancorp has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. East West Bancorp has a payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect East West Bancorp to earn $9.56 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 33.5%.

East West Bancorp Stock Up 0.0%

East West Bancorp stock opened at $114.44 on Friday. The firm has a 50 day simple moving average of $113.14 and a 200 day simple moving average of $107.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. East West Bancorp has a 1-year low of $68.27 and a 1-year high of $119.73. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.49 and a beta of 0.88.

East West Bancorp (NASDAQ:EWBC) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.04. The firm had revenue of $754.92 million for the quarter, compared to the consensus estimate of $745.04 million. East West Bancorp had a return on equity of 15.72% and a net margin of 28.36%.During the same quarter in the prior year, the business posted $2.10 earnings per share. On average, analysts predict that East West Bancorp will post 8.85 earnings per share for the current year.

About East West Bancorp

East West Bancorp, Inc is a bank holding company and the parent of East West Bank, one of the largest independent banks headquartered in Southern California. As a full-service commercial bank, it provides a broad range of financial products and services to business and individual customers, including commercial and residential real estate lending, working capital lines of credit, trade finance, and deposit and treasury management services. The company caters to both large and middle-market businesses, leveraging its expertise to serve clients engaged in cross-border trade and investment between the United States and Greater China.

Founded in Los Angeles in the early 1970s, East West Bank has grown steadily through organic expansion and strategic branch openings.