East-West Bancorp (NASDAQ: EWBC) declared a quarterly dividend of $0.275 per share, or $1.1 annualized. This is a 19.6% increase from the prior dividend of $0.23.

The dividend will be payable on May 15, 2019, to stockholders of record on May 1, 2019, with an ex-dividend date of April 30, 2019.

The annual yield on the dividend is 2.1 percent.

“Our balance sheet growth, the profitability of our business, and our capital levels are strong. As of March 31, 2019, our tangible equity to tangible assets ratio2 was 9.9%, an increase of 16 basis points quarter-over-quarter. I am pleased to announce that East West’s Board of Directors approved a 20% increase to the quarterly common stock dividend. Our quarterly dividend will increase to $0.275 per share, up from $0.23 per share. We are optimistic about the year ahead, and look forward to delivering another year of strong returns for our shareholders,” concluded Ng.

For a dividend history and other dividend-related data on East-West Bancorp (EWBC) click here.