LAFAYETTE, La., Jan. 28, 2020 /PRNewswire/ -- The Board of
Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the
declaration of a quarterly cash dividend of $0.47 per
common share, an increase of approximately 4% compared to the
common dividend paid on January 24, 2020. The dividend is
payable on April 1, 2020, to
shareholders of record as of March 13, 2020.
This increased quarterly dividend level equates to an annualized
dividend rate of $1.88 per common share. Based on the
closing common stock price on January 28,
2020 of $74.19 per common share, the indicated dividend
yield on the Company's common stock would be 2.5%.
The Company's common stock trades on the NASDAQ Global Select
Market under the symbol "IBKC". The Company's common stock market
capitalization was approximately $3.9 billion, based on the
NASDAQ Global Select Market closing common stock price on
January 28, 2020.
IBERIABANK Corporation is a financial holding company with
locations in Louisiana,
Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, South
Carolina, North Carolina,
Mississippi, Missouri, and New
York offering commercial, private banking, consumer, small
business, wealth and trust management, retail brokerage, mortgage,
commercial leasing and equipment financing, and title insurance
services.
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SOURCE IBERIABANK Corporation