Why Central Pacific Financial (CPF) is a Top Dividend Stock for Your Portfolio

Company Overview - Central Pacific Financial (CPF) is headquartered in Honolulu and has experienced a price change of -5.51% this year [3] - The company currently pays a dividend of $0.27 per share, resulting in a dividend yield of 3.93%, which is higher than the Banks - West industry's yield of 3.2% and the S&P 500's yield of 1.6% [3] Dividend Analysis - CPF's current annualized dividend of $1.08 has increased by 3.8% from the previous year [4] - Over the last 5 years, CPF has increased its dividend 2 times year-over-year, with an average annual increase of 3.19% [4] - The company's payout ratio is currently 43%, indicating that it pays out 43% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for CPF's earnings in 2025 is $2.80 per share, reflecting a year-over-year earnings growth rate of 19.66% [5] Investment Considerations - CPF is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The company is positioned as a strong dividend play, appealing to income investors despite the general trend of high-yielding stocks struggling during periods of rising interest rates [7]