Why Central Pacific Financial (CPF) is a Great Dividend Stock Right Now

Company Overview - Central Pacific Financial (CPF) is headquartered in Honolulu and operates in the Finance sector [3] - The stock has experienced a price change of -6.68% since the beginning of the year [3] Dividend Information - CPF currently pays a dividend of $0.27 per share, resulting in a dividend yield of 3.98%, which is higher than the Banks - West industry's yield of 3.05% and the S&P 500's yield of 1.57% [3] - The annualized dividend of $1.08 represents a 3.8% increase from the previous year [4] - Over the past five years, CPF has increased its dividend two times on a year-over-year basis, averaging an annual increase of 3.26% [4] - The current payout ratio is 44%, indicating that CPF paid out 44% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - CPF is expected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2025 at $2.75 per share, reflecting a 17.52% increase from the previous year [5] Investment Appeal - CPF is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]