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

BOK Financial Corporation (NASDAQ:BOKF) declared a quarterly dividend on Tuesday, February 3rd. Shareholders 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 of this dividend is Thursday, February 19th.

BOK Financial has increased its dividend payment by an average of 0.0%annually over the last three years and has raised 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 $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 Price Performance

Shares of BOKF stock traded up $2.91 during trading hours on Wednesday, hitting $134.90. The company’s stock had a trading volume of 369,388 shares, compared to its average volume of 337,296. The business has a fifty day moving average of $122.40 and a 200-day moving average of $113.18. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 14.74 and a beta of 0.90. BOK Financial has a twelve month low of $85.07 and a twelve month high of $138.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.32. The firm had revenue of $589.56 million during the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a return on equity of 9.37% and a net margin of 17.10%.During the same period in the previous year, the firm posted $2.12 EPS. As a group, equities research analysts anticipate that BOK Financial will post 8.83 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.