Central Pacific Financial Raises Quarterly Dividend to $0.30

Central Pacific Financial Corp. (NYSE: CPF) increased its quarterly dividend to $0.30 per share from $0.29, a 3.45% raise. The ex-dividend date was Aug. 31, 2026.

The new rate equates to an annualized dividend of $1.20 per share. Based on the stated share price of $37.64, the stock carries a forward annual yield of 3.19%.

The increase marks one consecutive year of dividend growth for the financial-services company. Central Pacific Financial previously reduced its dividend in 2014, making the latest action part of a relatively recent rebuilding of its payout-growth record rather than a decades-long streak.

Earnings and capital provide context

Central Pacific Financial is the Honolulu-based parent of Central Pacific Bank, which operates 27 branches and 56 ATMs in Hawaii. The company reported approximately $7.50 billion in assets at the end of the second quarter of 2026. Central Pacific Financial

The dividend increase accompanied second-quarter net income of $20.8 million, or $0.80 per diluted share. Net interest margin improved to 3.57% from 3.53% in the preceding quarter, while return on average equity reached 13.94%. The company also repurchased 321,858 shares for $11.3 million during the quarter. Central Pacific Financial

Management did not identify a single reason for the dividend increase in its earnings announcement. The company did, however, report regulatory capital ratios that included a 12.7% common equity Tier 1 ratio and a 14.8% total risk-based capital ratio at quarter-end. Its quarterly filing also showed 25,747,432 common shares outstanding as of July 31, 2026. SEC Form 10-Q

What it means for income investors

The increase adds $0.01 per share to each quarterly payment and raises annualized dividend income to $1.20 per share. The supplied dividend assessment assigns CPF a safety score of 83 out of 100 and an A grade. Those measures indicate a comparatively strong payout profile, although they do not eliminate the earnings, credit and interest-rate risks associated with a regional bank. The one-year growth streak also means investors have limited recent history on which to judge the durability of annual increases.