Brief: BancWest stock split
HONOLULU, HAWAII – The board of directors of BancWest Corp. (NYSE:BWE) has declared a two-for-one split of the company’s common stock and an increase in the fourth quarter dividend from 31 cents to 34 cents a share (before the split.)
The rate after the stock split will be 17 cents per share.
BancWest’s increased quarterly dividend of 34 cents per share will be payable Dec. 15, to shareholders of record Dec. 1. The last dividend increase was in 1996.
BancWest owns Bank of the West, which has a branch at North Carson Street and Nye Lane.
On Dec. 15, shareholders of record as of Dec. 1 will also receive one additional share of BancWest common stock for every share held. The company’s last stock split was distributed in January 1990.