East West Bancorp Raises Dividend, Repurchase Authorization

Dow Jones

Jan 24, 2025

By Stephen Nakrosis

East West Bancorp said Thursday its board approved an increase to the quarterly dividend, raising it to 60 cents per share from 55 cents.

The new dividend, $2.40 per share on an annual basis, represents a yield of about 2.3%, based on the closing share price of $103.50 for the stock on Thursday.

The company last raised its dividend in January of last year.

Also on Thursday, East West Bancorp boosted its share repurchase authorization by $300 million.

The parent company of East West Bank has a market capitalization of $14.24 billion, 138.6 million shares outstanding and a public float of 137.2 million shares.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

January 23, 2025 16:48 ET (21:48 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505214740","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505214740","pubTimestamp":1737668880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"East West Bancorp said Thursday its board approved an increase to the  quarterly dividend, raising it to 60 cents per share from 55 cents.The new dividend, $2.40 per share on an annual basis, represents a yield of about 2.3%, based on the closing share price of $103.50 for the stock on Thursday.The company last raised its dividend in January of last year.Also on Thursday, East West Bancorp boosted its share repurchase authorization by $300 million.The parent company of East West Bank has a market capitalization of $14.24 billion, 138.6 million shares outstanding and a public float of 137.2 million shares.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","EWBC":"华美","BK4585":"ETF&股票定投概念"},"translate_title":"华美银行提高股息和回购授权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWBC":1},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  East West Bancorp said Thursday its board approved an increase to the  quarterly dividend, raising it to 60 cents per share from 55 cents. \n\n\n  The new dividend, $2.40 per share on an annual basis, represents a yield of about 2.3%, based on the closing share price of $103.50 for the stock on Thursday. \n\n\n  The company last raised its dividend in January of last year. \n\n\n  Also on Thursday, East West Bancorp boosted its share repurchase authorization by $300 million. \n\n\n  The parent company of East West Bank has a market capitalization of $14.24 billion, 138.6 million shares outstanding and a public float of 137.2 million shares. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2025 16:48 ET (21:48 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,buyback","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}