Quantcast
  

Friday, April 18, 2014         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

Territorial Savings raises dividend again as earnings rise

By Dave Segal

POSTED:
LAST UPDATED: 02:00 p.m. HST, Oct 31, 2013



Territorial Bancorp Inc. boosted its net income 5 percent in the third quarter, increased its dividend and announced the opening of a new branch as it continued to benefit from the state's rebounding economy.

The parent of Territorial Savings Bank said today that net income rose to $3.8 million, or 39 cents a share, from $3.6 million, or 36 cents a share, a year earlier.

Territorial, the state's fifth-largest bank in terms of assets, also said it was raising its dividend for the sixth time in just over two years. It boosted its quarterly payout by a penny to 14 cents a share. The dividend will be payable Nov. 17 to stockholders of record as of Nov. 14.

In addition to the steady increase in dividends, the bank paid a special dividend of 10 cents a share last December, the fifth dividend it paid out in 2012. 

The bank said it also opened its 28th branch in the state on Oct. 2 in Manoa.







 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(0)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
IN OTHER NEWS
Breaking News