BOK Financial Co. (NASDAQ:BOKF) to Issue $0.57 Quarterly Dividend

BOK Financial Co. (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Shareholders of record on Wednesday, February 12th will be paid a dividend of 0.57 per share by the bank on Wednesday, February 26th. This represents a $2.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, February 12th.

BOK Financial has raised its dividend by an average of 2.0% per year over the last three years and has increased its dividend every year for the last 19 years. BOK Financial has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect BOK Financial to earn $9.07 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 25.1%.

BOK Financial Stock Performance

Shares of BOKF stock opened at $111.14 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $111.43 and a 200-day simple moving average of $108.09. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 13.67 and a beta of 1.19. BOK Financial has a 12-month low of $78.99 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. On average, equities analysts forecast that BOK Financial will post 8.75 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stephens lowered their target price on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. DA Davidson reduced their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, BOK Financial presently has an average rating of “Hold” and an average price target of $116.40.

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.