dividend
confidence high
sentiment neutral
materiality 0.50
Hanmi Financial declares $0.25 quarterly dividend, authorizes new share repurchase program up to 5% of shares
HANMI FINANCIAL CORP
- Board declared $0.25 per share cash dividend, payable May 22, 2024 to holders of record May 6, 2024.
- New repurchase program allows buyback of up to 5% of outstanding shares, ~1.5 million shares.
- Repurchases may occur in open market or private transactions at management's discretion.
- CEO Bonnie Lee cited capital allocation priorities and commitment to returning capital to shareholders.