LAFAYETTE, La., Aug. 2, 2018 /PRNewswire/ -- The Board of
Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the
declaration of a quarterly cash dividend of $0.39 per common share, an increase of
approximately 3% compared to the common dividend paid on
July 27, 2018. The dividend is
payable on October 26, 2018, to
shareholders of record as of September 28,
2018.
Daryl G. Byrd, President and
Chief Executive Officer, commented, "We are pleased to provide
another penny increase in our cash dividend this quarter to our
common shareholders, our second increase in 2018, reflecting our
solid financial performance, and our confidence in our financial
outlook."
This increased quarterly dividend level equates to an annualized
dividend rate of $1.56 per common
share. Based on the closing common stock price on August 2, 2018, of $84.75 per common share, the indicated dividend
yield on the Company's common stock was 1.8%.
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 $4.8
billion, based on the NASDAQ Global Select Market closing
common stock price on August 2,
2018.
IBERIABANK Corporation common shareholders may take advantage of
the Company's Dividend Reinvestment Plan. This program provides a
convenient, economical way for common shareholders to increase
their holdings of the Company's common stock. Common stock
shareholders pay no brokerage commissions or service charges while
participating in the plan.
Shareholders may enroll in IBERIABANK Corporation's common stock
Dividend Reinvestment Plan through the Investor Center at
www.computershare.com, or by completing an enrollment form.
Enrollment forms and a summary of the plan are available from
Computershare by calling (800) 368-5948.
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