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Cash Dividend On The Way From Territorial Bancorp Fix/Float Series B Non-Cumul Perp Pref Stock

On 5/2/24, Territorial Bancorp Inc's 9.00% Fix/Float Series B Non-Cumul Perp Pref Stock (TECTP) will trade ex-dividend, for its quarterly dividend of $0.225, payable on 5/15/24. As a percentage of TECTP's recent share price of $10.41, this dividend works out to approximately 2.16%, so look for shares of TECTP to trade 2.16% lower — all else being equal — when TECTP shares open for trading on 5/2/24..
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