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BOK Financial Corp (NASDAQ:BOKF) disclosed on Monday that its Board of Directors has declared a common stock dividend. Shareholders are set to receive 57 cents per share, which will be payable on or around February 26, 2025, to those on record as of February 12, 2025. This latest declaration continues the company’s impressive track record of maintaining dividend payments for 20 consecutive years, with 11 straight years of dividend increases, according to InvestingPro data.
The Tulsa, Oklahoma-based national commercial bank, with its headquarters at the Bank of Oklahoma Tower, made the announcement as part of its regulatory filings with the Securities and Exchange Commission.
The dividend declaration is a routine part of the company’s financial operations, reflecting its ongoing commitment to return value to its shareholders. With a current dividend yield of 2.06% and a market capitalization of $7.09 billion, BOK Financial has demonstrated strong shareholder returns, including a notable 30.22% total return over the past year.
Trading at a P/E ratio of 13.42, InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, part of the coverage of 1,400+ US equities.
The financial institution, listed under the SIC National Commercial Banks category, operates within the regulatory framework of the SEC and adheres to the reporting requirements of publicly held companies. This dividend declaration is based on the company’s performance and strategic financial decisions made by its Board of Directors.
For potential investors and current shareholders, BOK Financial’s dividend payout serves as a key piece of information for evaluating the company’s financial position and making informed decisions about their investment portfolios. InvestingPro subscribers can access additional valuable insights, including 6 more ProTips and detailed financial metrics, to make more informed investment decisions.
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