Reported by Star-Bulletin staff & wire
Friday, November 22, 1996
Reported by Star-Bulletin staff & wire
Friday, November 22, 1996
First Hawaiian Inc. increased its quarterly dividend 5.1 percent to 31 cents a share from the current 29.5 cents. First Hawaiian
hikes dividend to 31 centsThe board of directors of First Hawaiian Bank's parent company yesterday approved the dividend increase for shareholders of record as of Nov. 29. The dividend is payable Dec. 13.
Walter Dods, First Hawaiian's chairman and chief executive, said the increase is due to improved company earnings, following several years of sluggishness in the Hawaii economy. The company last increased its dividend in the fourth quarter of 1993 from 28 cents a share to 29.5 cents.
A delegation headed by the Honolulu Japanese Chamber of Commerce will go to Hiroshima, Japan, Dec. 2 to 5 to promote Hawaii as an educational destination. Delegation to sell isles as
smart destinationThe group of about 40 people, mostly chamber members, will be led by Chamber Chairman Garret Serikawa. "We hope to accomplish our objectives of promoting Hawaii as a learning center for aspiring global business managers, an international business center, as well as solidifying Hawaii's image as a vacation destination," Serikawa said.
A seminar, "Hawaii: Your Learning Destination", will include a keynote address by Seiji Naya, director of the state Department of Business, Economic Development and Tourism.
WASHINGTON - Thirty-year, fixed rate mortgages averaged 7.53 percent this week, down from 7.59 percent last week, according to a national survey released yesterday by the Federal Home Loan Mortgage Corp. It was the lowest since March 7, when rates averaged 7.38. percent. 30-year mortgages fall to 7.53%
Rates had averaged 8.34 percent as recently as Sept. 5.
On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.48 percent, down from 5.52 percent last week. Fifteen-year mortgages, a popular option for those refinancing mortgages, averaged 7.06 percent this week, down from 7.11 percent a week earlier.
The rates do not include add-on fees known as points.