LAFAYETTE, La., March 16 /PRNewswire-FirstCall/ -- 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
April 23, 2010 to shareholders of
record as of March 31, 2010. This
dividend level equates to an annualized dividend rate of
$1.36 per share. Based on the closing
stock price on March 15, 2010 of
$60.14 per share, the Company had a
market capitalization of approximately $1.6
billion and the indicated dividend yield was 2.26%.
The Company's common stock trades on the NASDAQ Stock 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.
To enroll in IBERIABANK Corporation's Dividend Reinvestment
Plan, shareholders must have their stock certificate numbers and
complete an enrollment form. Enrollment forms and a summary of the
plan are available from the Registrar and Transfer Company by
calling (800) 368-5948.
IBERIABANK Corporation is a financial holding company based in
Lafayette, Louisiana with offices
in 12 states. IBERIABANK Corporation and its predecessor
organizations have served clients for 123 years.
SOURCE IBERIABANK Corporation