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HAWAII
New Bankoh chief 'neutral' on a split

Bank of Hawaii Corp. Chairman and Chief Executive Allan Landon said that unlike predecessor Mike O'Neill, he's not opposed to splitting the company's stock.

But Landon told vocal shareholder Jace Hearn and others at yesterday's annual shareholders meeting that his willingness to consider a split of Bank of Hawaii's shares does not mean it will happen.

Landon, who took over as chairman and CEO for O'Neill last year, said he's "neutral" on the issue. He said it will be brought up at a board meeting later this year.

Bank of Hawaii last split its stock -- 2 for 1 -- in December 1997 when Lawrence Johnson was the CEO and the stock traded at $53.69. Bank of Hawaii's stock closed yesterday at a split-adjusted $47.35.

HPU team wins competition again

A team of Hawaii Pacific University students has won a regional competition of the Students in Free Enterprise organization for the fifth straight year.

The competing Hawaii teams each gave a 24-minute presentation on the results of their educational outreach programs.

The HPU team will now compete in the SIFE USA national exposition May 22-24 in Kansas City, Mo., among more than 4,000 students from 250 universities.

A&B declares quarterly dividend

Alexander & Baldwin Inc. said it is maintaining its dividend at 22.5 cents a share, to be paid June 2 to shareholders as of May 12.

The company's profit in the first quarter jumped 39.1 percent to $37.7 million from $27.1 million in the year earlier, A&B reported this week.