Hanmi Financial Shares Dip Ahead of Dividend Week as Trade Pulls Back
Hanmi Financial Corp. comes into the week trading lower after dropping 4.2% last week, more than the wider U.S. market. Nasdaq trading was shut for the weekend. HAFC finished Friday at $29.09, down 21 cents, moving in a range from $28.80 to $29.45. Dividend timing is back in play. Hanmi’s board set a $0.28 quarterly cash dividend per share, going out Wednesday to investors on record by May 4, which puts some attention on income as shares have come down. The yield works out to about 3.9% annualized at Friday’s close.