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

HarborOne Bancorp, Inc. (NASDAQ:HONE - Get Free Report) announced 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 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Wednesday, April 9th.

HarborOne Bancorp has raised its dividend payment by an average of 17.0% annually over the last three years. HarborOne Bancorp has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HarborOne Bancorp to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 31.7%.

HarborOne Bancorp Stock Performance

Shares of HONE stock remained flat at $10.53 during midday trading on Monday. 43,088 shares of the company's stock were exchanged, compared to its average volume of 163,560. HarborOne Bancorp has a one year low of $9.16 and a one year high of $14.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.12. The stock has a market capitalization of $458.03 million, a P/E ratio of 15.95 and a beta of 0.73. The business has a 50 day simple moving average of $11.42 and a 200 day simple moving average of $12.16.

HarborOne Bancorp (NASDAQ:HONE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.20 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict 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.