Posted at 1:42 p.m., Tuesday, March 18, 2003
Central Pacific raises dividend
Advertiser Staff
CPB Inc., parent of Central Pacific Bank, said today it will pay a first-quarter dividend of 16 cents per share, up from the 11-cent dividend it paid the previous quarter.Clint Arnoldus, president of the bank, said in a statement that the increased dividend was to "reward shareholders for their continued support."
In January, CPB, the state's fourth-largest financial institution in terms of total assets, said its fourth-quarter profits surged 14.5 percent on higher bank fee income and lower interest expense.
