Territorial Bancorp Inc. (TBNK) to Issue Quarterly Dividend of $0.01 on February 28th

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.01 per share by the financial services provider on Friday, February 28th. This represents a $0.04 annualized dividend and a dividend 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% annually over the last three years. Territorial Bancorp has a payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings.

Territorial Bancorp Price Performance

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

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated 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.