BOK Financial Corporation (NASDAQ:BOKF) Announces $0.63 Quarterly Dividend

BOK Financial Corporation (NASDAQ:BOKF) declared a quarterly dividend on Tuesday, August 4th, NASDAQ Dividends reports. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.63 per share by the bank on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th.

BOK Financial has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. BOK Financial has a payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect BOK Financial to earn $10.89 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 23.1%.

BOK Financial Price Performance

Shares of NASDAQ:BOKF opened at $146.07 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. BOK Financial has a fifty-two week low of $102.72 and a fifty-two week high of $146.38. The firm has a 50-day simple moving average of $138.90 and a 200 day simple moving average of $133.37. The company has a market cap of $8.88 billion, a PE ratio of 13.77 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The business had revenue of $602.54 million for the quarter, compared to analyst estimates of $568.08 million. During the same quarter last year, the company earned $2.19 EPS. BOK Financial’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that BOK Financial will post 10.32 EPS for the current year.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.