Bank of Hawaii hikes dividend by 4.5%

Bank of Hawaii (BOH) will raise its quarterly dividend by 4.5 percent to 70 cents per share in 2021. This comes after a dividend hike of 3.1 percent to $0.67 per share two years ago when 2019 marked the 4th consecutive year of dividend increases by the financial services company. This new hike will mark 6 calendar years with higher dividend paid to shareholders.

The next dividend will be payable on September 15, 2021 to shareholders of record at the close of business on August 31, 2021. A new annual rate of $2.80 yields 3.4% at a stock price of $83.24.

Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa, and the West Pacific. The Company’s principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. BOH operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other, consisting of corporate asset and liability management activities, including interest rate risk management and a foreign currency exchange business.