Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

Rhea-AI Summary

Hope Bancorp (NASDAQ: HOPE) has announced a quarterly cash dividend of $0.14 per common share. The dividend will be payable on or about August 22, 2024, to stockholders of record as of the close of business on August 8, 2024. This announcement demonstrates the company's commitment to returning value to shareholders and maintaining a consistent dividend policy. The declaration of a dividend can be seen as a positive sign of the company's financial health and confidence in its future prospects.

Positive

• Declared quarterly cash dividend of $0.14 per common share
• Consistent dividend policy indicates financial stability

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on or about August 22, 2024, to all stockholders of record as of the close of business on August 8, 2024.

About Hope Bancorp, Inc.

Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $17.38 billion in total assets as of June 30, 2024. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; deposit and fee-based products and services; international trade financing; cash management services, foreign currency exchange solutions, and interest rate derivative products, among others. Bank of Hope operates 48 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Alabama, and Georgia. The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices in the United States; and a representative office in Seoul, Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to www.bankofhope.com. By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240729048738/en/

Julianna Balicka

EVP & Chief Financial Officer

213-235-3235

julianna.balicka@bankofhope.com

Angie Yang

SVP, Director of Investor Relations & Corporate Communications

213-251-2219

angie.yang@bankofhope.com

Source: Hope Bancorp, Inc.

FAQ

What is the amount of Hope Bancorp's (HOPE) quarterly dividend for 2024?

Hope Bancorp (HOPE) has declared a quarterly cash dividend of $0.14 per common share for 2024.

When is the payment date for Hope Bancorp's (HOPE) latest dividend?

The dividend is payable on or about August 22, 2024.

What is the record date for Hope Bancorp's (HOPE) upcoming dividend?

The record date for Hope Bancorp's dividend is the close of business on August 8, 2024.

How often does Hope Bancorp (HOPE) pay dividends?

Based on the announcement of a quarterly dividend, Hope Bancorp (HOPE) appears to pay dividends on a quarterly basis.