East West Bancorp, Inc. (EWBC) to Issue Quarterly Dividend of $0.80 on November 17th

East West Bancorp, Inc. (NASDAQ:EWBC) declared a quarterly dividend on Tuesday, October 20th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.80 per share by the financial services provider on Tuesday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 2nd.

East West Bancorp has raised its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. East West Bancorp has a payout ratio of 33.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect East West Bancorp to earn $11.64 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 27.5%.

East West Bancorp Stock Performance

Shares of NASDAQ EWBC opened at $130.81 on Friday. The company has a market cap of $17.92 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. East West Bancorp has a 12 month low of $98.08 and a 12 month high of $137.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day simple moving average of $128.00 and a 200-day simple moving average of $122.95.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.04. East West Bancorp had a net margin of 30.75% and a return on equity of 16.07%. The business had revenue of $822.72 million for the quarter, compared to the consensus estimate of $811.07 million. During the same quarter in the prior year, the firm posted $2.65 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that East West Bancorp will post 10.73 earnings per share for the current year.

About East West Bancorp

East West Bancorp, Inc is the parent company of East West Bank, a full-service commercial bank headquartered in Pasadena, California. The bank serves businesses, professionals, consumers and institutions through a range of deposit, lending and financial services.

Its products and services include commercial and industrial loans, commercial real estate financing, residential and consumer lending, checking and savings accounts, treasury management, international banking, wealth management and foreign-exchange services.