IBERIABANK Declares $0.34 Dividend
The Board of Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the declaration of a quarterly cash dividend of $0.34 per share. The dividend is payable on January 25, 2013, to shareholders of record as of December 31, 2012. This dividend level equates to an annualized dividend rate of $1.36 per share. Based on the closing stock price on December 10, 2012, of $47.03 per share, the Company had a market capitalization of approximately $1.4 billion and the indicated dividend yield was 2.89%.
The Company's common stock trades on the NASDAQ Global Select Market under the symbol "IBKC."
IBERIABANK Corporation shareholders may take advantage of the Company's Dividend Reinvestment Plan. This program provides a convenient, economical way for shareholders to increase their holdings of the Company's common stock. The shareholder pays no brokerage commissions or service charges while participating in the plan.
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