Central Pacific Financial Corp. (CPF) To Go Ex-Dividend on February 28th

Central Pacific Financial Corp. (NYSE:CPF) declared a quarterly dividend on Tuesday, January 28th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.27 per share by the financial services provider on Monday, March 17th. This represents a $1.08 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Friday, February 28th. This is a boost from Central Pacific Financial’s previous quarterly dividend of $0.26.

Central Pacific Financial has increased its dividend by an average of 2.7% annually over the last three years. Central Pacific Financial has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Central Pacific Financial to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 35.4%.

Central Pacific Financial Trading Up 1.1 %

Shares of CPF stock opened at $28.67 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. Central Pacific Financial has a twelve month low of $18.19 and a twelve month high of $33.25. The company’s 50-day moving average price is $28.70 and its 200-day moving average price is $28.83. The stock has a market cap of $775.95 million, a price-to-earnings ratio of 14.55 and a beta of 1.19.

Central Pacific Financial (NYSE:CPF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. As a group, equities analysts predict that Central Pacific Financial will post 2.75 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th.

Central Pacific Financial Company Profile

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.