HarborOne Bancorp, Inc. (HONE) to Issue Quarterly Dividend of $0.01 on April 23rd

HarborOne Bancorp, Inc. (NASDAQ:HONE) declared a quarterly dividend on Wednesday, March 26th, RTT News reports. Shareholders of record on Wednesday, April 9th will be paid a dividend of 0.01 per share by the financial services provider on Wednesday, April 23rd. This represents a $0.04 annualized dividend and a yield of 0.42%. The ex-dividend date is Wednesday, April 9th.

HarborOne Bancorp has raised its dividend payment by an average of 17.0% per year over the last three years. HarborOne Bancorp has a dividend payout ratio of 35.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HarborOne Bancorp to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 35.6%.

HarborOne Bancorp Price Performance

Shares of NASDAQ HONE opened at $9.55 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The firm’s 50-day simple moving average is $11.24 and its 200 day simple moving average is $12.06. HarborOne Bancorp has a fifty-two week low of $9.16 and a fifty-two week high of $14.00. The stock has a market cap of $415.41 million, a price-to-earnings ratio of 14.47 and a beta of 0.61.

HarborOne Bancorp (NASDAQ:HONE) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. As a group, research analysts anticipate that HarborOne Bancorp will post 0.83 earnings per share for the current fiscal year.

HarborOne Bancorp Company Profile

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.