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Territorial Savings Bank’s parent company said Wednesday its board has declared a special cash dividend of 10 cents a share that will be payable on Jan. 20 to shareholders of record as of Jan. 6.
“This year has been very challenging but we have been working diligently to produce good results for our shareholders,” Territorial Bancorp Inc. Chairman and CEO Allan Kitagawa said. “Including this special dividend and other dividends paid in 2020, stock purchased in our initial public offering at $10.00 per share will earn dividends equal to 10.2% of their initial investment in Territorial Bancorp Inc.”
Territorial’s stock closed Wednesday up 16 cents at $24.02 before the announcement was made after the close of the market. Special dividends are paid out in addition to the company’s quarterly dividends.
Hawaiian Airlines employees give back to keiki
Hawaiian Airlines’ community relations team organized a holiday giving program called Keiki Kalikimaka to deliver wish-list items to children of employees who signed up.
The program was funded entirely by fellow workers. More than 84 employees across all neighbor island stations as well as San Francisco donated items, and employee volunteers from the airline’s Team Kokua helped wrap more than 250 gifts that will be opened by 156 keiki on Christmas.
The Hawaiian Airlines community relations team also held a holiday food drive for employees as part of its Malama ‘Ohana initiative. In partnership with Foodland Hawaii and Love’s Bakery, holiday hams and desserts were distributed to 180 Hawaiian Airlines families. Hundreds of airline employees are on leave or furloughed until conditions of the pandemic improve.