HarborOne Bancorp Announces 6.7% Dividend Increase

HarborOne Bancorp, Inc. has announced a 6.7% increase in its first quarter 2024 dividend. The company's board of directors declared a quarterly cash dividend of $0.08 per share, marking an increase of $0.005 per share compared to the most recent dividend paid on January 18, 2024.

The dividend will be paid on April 24, 2024, to all shareholders of record as of the close of business on April 10, 2024. This increase reflects a positive outlook, with the company's president and chief executive officer, Joseph F. Casey, stating, "The dividend increase is supported by our current and projected earnings as we continue executing our business plan."

The increased quarterly dividend level equates to an annualized dividend rate of $0.32 per common share. This announcement is a clear indication of the company's confidence in its financial performance and its commitment to delivering value to shareholders. Following these announcements, the company's shares moved 1.3%, and are now trading at a price of $10.66. If you want to know more, read the company's complete 8-K report here.

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