Territorial Bancorp Inc. to Issue Quarterly Dividend of $0.01 (NASDAQ:TBNK)

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.01 per share by the financial services provider on Friday, February 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, February 14th.

Territorial Bancorp has decreased its dividend payment by an average of 55.7% per year over the last three years. Territorial Bancorp has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings.

Territorial Bancorp Stock Performance

TBNK opened at $8.71 on Wednesday. The business’s 50-day moving average price is $9.57 and its two-hundred day moving average price is $9.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Territorial Bancorp in a research report on Saturday. They set a “hold” rating on the stock.

Territorial Bancorp Company Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.