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Territorial Bancorp Increases Dividend

 

Nov 2 - The board of directors of Territorial Bancorp Inc. (Nasdaq:TBNK), headquartered in Honolulu, Hawaii and the holding company of Territorial Savings Bank, has approved an increase in its quarterly cash dividend on its common stock from 11 cents to 12 cents per share. The dividend is expected to be paid on Nov. 29, 2012, to stockholders of record as of Nov. 15, 2012.

Allan Kitagawa, chairman and CEO, said, "Our loan portfolio continues to grow because of increasing loan originations which are being funded by an increase in our core deposits. I am also pleased to announce that based on our strong performance, we will increase our quarterly dividend from 11 cents to 12 cents per share of common stock."


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