LAFAYETTE, La., Oct. 19, 2018 /PRNewswire/ -- The Board of
Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the
declaration of a quarterly cash dividend of $0.41 per common share, an increase of
approximately 5% compared to the common dividend declared on
August, 2, 2018 and payable on October 26,
2018. The dividend is payable on January 25, 2019, to shareholders of record as of
December 31, 2018.
Daryl G. Byrd, President and
Chief Executive Officer, commented "We are once again pleased to
provide an increase in our cash dividend on common stock. As
we continue to produce strong financial performance and remain
confident in our financial outlook, increasing the common dividend
is one more way we continue to provide benefits to our
shareholders. The two cent
increase to our common dividend is our third increase in 2018."
This increased quarterly dividend level equates to an annualized
dividend rate of $1.64 per common
share. Based on the closing common stock price on October 18, 2018, of $75.30 per common share, the new indicated
dividend yield on the Company's common stock would
be 2.2%.
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 $4.2
billion, based on the NASDAQ Global Select Market closing
common stock price on October 18,
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 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,
and title insurance services.
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SOURCE IBERIABANK Corporation