HONOLULU -- The board of First Hawaiian Inc. Hawaii's second-largest banking company, raised the quarterly dividend by 2 cents, or 8%, to 28 cents a share, payable Dec. 14 to stockholders of record Dec. 1.
The 26-cent dividend was set 12 months ago.
Despite a sluggish state economy, the company listed record third-quarter income of $21.2 million, up 5.1% from a year earlier.
Other regional companies declaring higher quarterly payouts last week included AmSouth Bancorp. of Birmingham, Ala. (to 29 cents from 26); CoreStates Financial Corp. of Philadelphia (to 54 from 50), and First Virginia Banks of Falls Church (to 26 from a split-adjusted 23.3).