Hancock Whitney Corporation (HWC) to Issue Quarterly Dividend of $0.50 on June 15th

Hancock Whitney Corporation (NASDAQ:HWC) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, June 5th will be given a dividend of 0.50 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 5th.

Hancock Whitney has increased its dividend payment by an average of 0.1%annually 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. Research analysts expect Hancock Whitney to earn $7.24 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 27.6%.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $68.70 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day moving average of $66.32 and a 200-day moving average of $65.87. Hancock Whitney has a one year low of $52.89 and a one year high of $75.43. The company has a market cap of $5.58 billion, a P/E ratio of 14.11 and a beta of 0.95.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.04. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The business had revenue of $393.64 million for the quarter, compared to analysts’ expectations of $400.01 million. During the same period in the previous year, the company earned $1.38 earnings per share. The firm’s revenue for the quarter was down 19.7% compared to the same quarter last year. Equities research analysts forecast that Hancock Whitney will post 6.47 EPS for the current fiscal year.

About Hancock Whitney

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.