East West Bancorp, Inc. Declares First Quarter Dividends for the Common Stock, Payable on or About February 18, 2014
January 22, 2014 at 05:23 pm EST
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East West Bancorp, Inc. board of directors has declared first quarter dividends for the common stock. The common stock cash dividend of $0.18 is payable on or about February 18, 2014 to shareholders of record on February 3, 2014. This represents an increase of $0.03 per share, or a 20% increase from the prior quarterly dividend of $0.15 per share.
East West Bancorp, Inc. is a bank holding company that offers a full range of banking services to individuals and businesses through its subsidiary bank, East West Bank (the Bank). Its segments include Consumer and Business Banking, Commercial Banking and Other. The Consumer and Business Banking segment provides financial products and services to consumer and commercial customers through its domestic branch network and digital banking platforms. This segment also offers consumer and commercial deposits, mortgage and home equity loans, and other products and services. The Commercial Banking segment generates commercial loans and deposits. Commercial loan products include construction finance, commercial business lending, working capital lines of credit, trade finance, letters of credit and others. Commercial deposit products and other financial services include treasury management, foreign exchange services and others. It operates in over 120 locations in the United States and Asia.