LAFAYETTE, La., May 30, 2013 /PRNewswire/ -- MidSouth
Bancorp, Inc. ("MidSouth") (NYSE MKT: MSL) announced that earlier
today its Board of Directors declared a quarterly dividend of
$0.08 per common share. The dividend
is a 14% increase over the previous quarter's dividend and will be
paid on July 1, 2013, to all
shareholders of record as of the close of business on June 14, 2013.
(Logo:
http://photos.prnewswire.com/prnh/20100125/MIDSOUTHLOGO)
"Today's announcement of a common stock dividend increase
reflects the overall operating and financial strength of the
company and our continuing commitment to return value to our
shareholders," said C.R. "Rusty" Cloutier, the bank's President and
Chief Executive Officer. Based on the closing price on May 21, 2013, of $15.02, the dividend amount equates to a 2.13%
yield on MidSouth Bancorp's common stock. With the payment of the
July 1 dividend, MidSouth will have
paid consecutive quarterly dividends every year since 1995.
Additionally, the Board of Directors declared a quarterly cash
dividend of 1.00% per preferred share on its newly issued 4.00%
Non-Cumulative Perpetual Convertible Preferred Stock, Series C. The
dividend is payable on July 15, 2013,
to shareholders of record on July 1,
2013.
About MidSouth Bancorp, Inc.
MidSouth Bancorp, Inc. is a financial holding company
headquartered in Lafayette,
Louisiana, with assets of $1.9
billion as of March 31, 2013.
Through its wholly owned subsidiary, MidSouth Bank, N.A., MidSouth
offers a full range of banking services to commercial and retail
customers in Louisiana and
Texas. MidSouth Bank currently has
60 banking centers in Louisiana
and Texas and is connected to a
worldwide ATM network that provides customers with access to more
than 50,000 surcharge-free ATMs. Additional corporate information
is available at www.midsouthbank.com.
SOURCE MidSouth Bancorp, Inc.