EAST WEST BANCORP, INC. (NASDAQ:EWBC) Files An 8-K Other EventsItem 8.01. Other Events
On May 29, 2018, East West Bancorp, Inc. (“East West” ) (Nasdaq: EWBC), parent company of East West Bank, announced that its Board of Directors plans to increase its quarterly common stock dividend by 15 percent to $0.23 per share, beginning in the third quarter of 2018. The declaration of the dividend and timing are expected to be announced in July consistent with our past practice. The planned cash dividend of $0.23 per common share represents an increase of $0.03 from the prior quarterly dividend of $0.20. At the new rate, the indicated dividend on an annual basis is $0.92 per share compared to the previous rate of $0.80 per share.
On May 29, 2018, East West issued a press release announcing the dividend increase, a copy of which is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of East West's filings under the Securities Act of 1933, as amended, unless otherwise expressly stated in such filing.
EAST WEST BANCORP INC ExhibitEX-99.1 2 exhibit991_52918.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 East West Bancorp,…To view the full exhibit click here
About EAST WEST BANCORP, INC. (NASDAQ:EWBC)
East West Bancorp, Inc. (East West) is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank’s branch network. The Commercial Banking segment primarily generates commercial and industrial loans (C&I) and commercial real estate (CRE) loans through the domestic commercial lending offices located in California, New York, Texas, Washington, Massachusetts, Nevada and Georgia, and through the foreign commercial lending offices located in China and Hong Kong. Furthermore, the Commercial Banking segment also offers international finance and trade services and products. The remaining centralized functions, including the treasury operations of the Company are included in the Other segment.