Published April 25, 2016 8:42am EDT | Updated April 25, 2016 10:04am EDT

Bank Of Hawaii Increases Dividend, Ups Buyback Program By $100 Million

Bank of Hawaii announced Monday that it increased the quarterly dividend to 48 cents a share up from 45 cents a share. The dividend will be paid on June 14 to shareholders of record as of May 31. The Board also increased its buyback program by $100 million, to bring the total buyback authorization to $2.1 billion. Shares of Bank of Hawaii have gained 22.5% in the past three months, compared to the S&P 500's gain of 11.4%.