BOK Financial Corporation (BOKF) to Issue Quarterly Dividend of $0.63 on May 27th

BOK Financial Corporation (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Wednesday, May 13th will be paid a dividend of 0.63 per share by the bank on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 13th.

BOK Financial has raised 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 payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BOK Financial to earn $10.81 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 23.3%.

BOK Financial Price Performance

Shares of BOKF stock opened at $132.47 on Monday. BOK Financial has a 12 month low of $91.35 and a 12 month high of $139.73. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $130.01 and a two-hundred day moving average of $123.37. The company has a market capitalization of $8.05 billion, a P/E ratio of 13.41 and a beta of 0.83.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, topping the consensus estimate of $2.30 by $0.28. The business had revenue of $553.82 million during the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same quarter last year, the company earned $1.86 EPS. As a group, equities analysts expect that BOK Financial will post 10.24 EPS 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.