HarborOne Bancorp, Inc. Plans Quarterly Dividend of $0.01 (NASDAQ:HONE)

HarborOne Bancorp, Inc. (NASDAQ:HONE) declared a quarterly dividend on Wednesday, March 26th, RTT News reports. Investors of record on Wednesday, April 9th will be paid a dividend of 0.01 per share by the financial services provider on Wednesday, April 23rd. This represents a $0.04 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, April 9th.

HarborOne Bancorp has raised its dividend by an average of 17.0% per year over the last three years. HarborOne Bancorp has a dividend payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect HarborOne Bancorp to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 35.6%.

HarborOne Bancorp Stock Performance

Shares of HONE stock opened at $9.55 on Monday. The company has a market capitalization of $415.41 million, a P/E ratio of 14.47 and a beta of 0.61. The stock has a 50 day moving average price of $11.24 and a two-hundred day moving average price of $12.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. HarborOne Bancorp has a fifty-two week low of $9.16 and a fifty-two week high of $14.00.

HarborOne Bancorp (NASDAQ:HONE) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Analysts expect that HarborOne Bancorp will post 0.83 earnings per share for the current year.

About HarborOne Bancorp

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.