BOK Financial Corporation (BOKF) to Issue Quarterly Dividend of $0.63 on March 5th

BOK Financial Corporation (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, February 3rd. Investors of record on Thursday, February 19th will be paid a dividend of 0.63 per share by the bank on Thursday, March 5th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, February 19th.

BOK Financial has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 20 years. BOK Financial has a dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BOK Financial to earn $9.15 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 27.5%.

BOK Financial Stock Up 2.0%

NASDAQ BOKF opened at $134.61 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. BOK Financial has a 52 week low of $85.07 and a 52 week high of $138.09. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 14.70 and a beta of 0.90. The company has a fifty day moving average of $122.82 and a two-hundred day moving average of $113.33.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.32. The business had revenue of $589.56 million for the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. During the same quarter in the prior year, the firm posted $2.12 earnings per share. On average, analysts predict that BOK Financial will post 8.83 earnings per share for the current year.

About BOK Financial

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.