LAFAYETTE, La., July 6, 2018 /PRNewswire/ -- The Board of
Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the
declaration of a semi-annual cash dividend on the outstanding
shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual
Preferred Stock, Series B, par value $1.00 per share (the "Series B Preferred
Stock").
On August 5, 2015, the Company
issued an aggregate of 3,200,000 depositary shares (the "Depositary
Shares"), each representing a 1/400th ownership interest
in a share of the Series B Preferred Stock, with a liquidation
preference of $10,000 per share of
Series B Preferred Stock (equivalent to $25 per Depositary Share), which represents
$80,000,000 in aggregate liquidation
preference.
The declared cash dividend equated to approximately $0.8281 per Depositary Share outstanding, or
$331.24 per share of Series B
Preferred Stock outstanding. The cash dividend is payable on
August 1, 2018, to shareholders of
record as of the close of business on July
17, 2018. When, as, and if declared by the Board of
Directors, future dividends on the Series B Preferred Stock and
associated Depositary Shares will be payable semi-annually, in
arrears, on February 1, and
August 1 of each year.
The Company's Series B Preferred Stock trades on the NASDAQ
Global Select Market under the symbol "IBKCP."
IBERIABANK Corporation is a financial holding company based in
Lafayette, Louisiana with
locations in 12 states. IBERIABANK Corporation and its predecessor
organizations have served clients for 131 years.
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SOURCE IBERIABANK Corporation