The parent of Territorial Savings Bank declared a special 10-cents-a-share dividend on Wednesday that will be payable on July 26 to shareholders of record as of July 12.
“Our strong capital position gives us the opportunity to pay a special midyear cash dividend,” said Allan Kitagawa, chairman and CEO of Territorial Bancorp Inc. “Including this special dividend, we are pleased that we will have paid out 50 cents (a share) in dividends for the first half of 2017.”
The special dividend is in addition to the two quarterly cash dividends of 20 cents a share that Territorial paid in the first two quarters of this year.
Territorial’s stock closed up 89 cents, or 2.9 percent, at $31.60 on Wednesday. The dividend was announced after the stock market closed.
Auto lunch features JN Group president
Brad Nicolai, president of JN Group, will be the guest speaker on Monday at the monthly Auto Lunch Bunch.
The event will start at noon at the Waikiki Yacht Club, 1599 Ala Moana Blvd.
JN Group, which includes Velocity Honolulu, has 16 automotive and motorcycle dealerships, retail stores and restaurants. Nicolai will provide an update on the latest happenings and upcoming plans for the Velocity.
Kars at the Kurb will feature a 2017 Alfa Romeo Guilia sedan with up to 505 horsepower, 2017 Range Rover Autobiography Edition with 550 horsepower, and the 2017 S8 Audi with 605 horsepower. All the vehicles are from Velocity.
To RSVP, call Ed Kemper at 225-2965 or email edracers@aol.com. The price for the event, which includes the meal and tip, is $18. Payments must be made by credit card.
ON THE MOVE
Integrated communications agency MVNP has announced:
Dave Abrass has been hired as a management supervisor. He has 19 years’ experience in digital marketing for technology companies including Microsoft, T-Mobile, Sony, HP and Philips. He’s also represented clients including Hawaiian Airlines, Expedia, ING and Capital One.
Janelle Ng has been hired as an account coordinator. She joined the agency in 2016 as an intern and currently manages marketing and advertising services for First Hawaiian Bank.
Jamie Lee has been hired as an account coordinator. She joined the agency in 2016 as a public relations intern and currently manages social media and digital projects for numerous clients.
Jacqueline Davey has been promoted to creative director from associate creative director. She joined the agency in 2007 with experience at Agency.com, Digitas, Modem Media, Scenic and Oracle.
