BOK Financial Corporation (NASDAQ:BOKF) Plans Quarterly Dividend of $0.78

BOK Financial Corporation (NASDAQ:BOKF) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.78 per share by the bank on Thursday, December 3rd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 18th. This is a 23.8% increase from BOK Financial’s previous quarterly dividend of $0.63.

BOK Financial has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BOK Financial to earn $10.68 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 23.6%.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $130.92 on Wednesday. The firm has a fifty day moving average price of $130.95 and a 200-day moving average price of $132.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $7.96 billion, a PE ratio of 11.87 and a beta of 0.78. BOK Financial has a 1 year low of $102.72 and a 1 year high of $146.84.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 19th. The bank reported $2.64 EPS for the quarter, beating the consensus estimate of $2.52 by $0.12. The firm had revenue of $561.45 million for the quarter, compared to the consensus estimate of $571.40 million. BOK Financial had a net margin of 19.53% and a return on equity of 10.41%. The company’s revenue was down 34.3% on a year-over-year basis. During the same period last year, the firm earned $2.22 EPS. Equities analysts anticipate that BOK Financial will post 10.41 earnings per share for the current fiscal year.

About BOK Financial

BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.