Hancock Whitney Corporation (NASDAQ:HWC) Stock to Pay Quarterly Dividend of $0.50

Hancock Whitney Corporation (NASDAQ:HWC) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, December 4th will be given a dividend of $0.50 per share on Tuesday, December 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, December 4th.

Hancock Whitney has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 3 years. Hancock Whitney has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hancock Whitney to earn $7.19 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 27.8%.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC traded down $0.68 during trading on Friday, reaching $71.93. 139,983 shares of the stock traded hands, compared to its average volume of 861,811. Hancock Whitney has a 52-week low of $55.11 and a 52-week high of $80.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50-day moving average of $73.70 and a 200-day moving average of $70.85. The stock has a market capitalization of $5.77 billion, a P/E ratio of 14.47 and a beta of 0.97.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 20th. The company reported $1.66 earnings per share for the quarter, hitting the consensus estimate of $1.66. Hancock Whitney had a return on equity of 11.65% and a net margin of 20.51%. The business had revenue of $421.91 million during the quarter, compared to analysts’ expectations of $421.75 million. During the same period in the prior year, the business earned $1.49 EPS. Analysts forecast that Hancock Whitney will post 6.42 EPS for the current fiscal year.

About Hancock Whitney

Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. The bank provides banking and financial services to individuals, businesses, and institutions through branches and digital banking channels.

Its products and services include checking and savings accounts, consumer and commercial lending, residential mortgages, credit cards, treasury and cash management services, and online and mobile banking.