International Bancshares Corporation Announces Cash Dividend Increase
August 09 2021 - 9:59AM
Business Wire
International Bancshares Corporation (“IBC”) announced today
that on Aug. 3, 2021, IBC’s Board of Directors approved the
declaration of a .60 cents per share cash dividend for
shareholders of record of Common Stock, $1.00 par value, as of the
close of business on Aug. 20, 2021, payable on Sept. 3, 2021, in
lieu of the discretionary dividend that IBC has historically paid
in October. This dividend is a 9%, or 5-cent, increase above IBC’s
last dividend paid.
“This discretionary cash dividend was made possible because of
our Company’s strong financial performance, augmented by the
benefits of the 2017 Tax Cut and Jobs Act, and our exceptionally
strong capital position,” said Dennis E. Nixon, president and CEO
of IBC.
IBC (NASDAQ:IBOC) is a multi-bank financial holding company
headquartered in Laredo, Texas, with approximately $15.3 billion in
total assets and 186 facilities and 281 ATMs serving 87 communities
in Texas and Oklahoma.
“Safe Harbor” statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which
are not historical facts contain forward-looking information with
respect to plans, projections or future performance of IBC and its
subsidiaries, the occurrence of which involve certain risks and
uncertainties detailed in IBC’s filings with the Securities and
Exchange Commission.
Copies of IBC’s SEC filings and Annual Report (as an exhibit to
the 10-K) may be downloaded from the SEC filings site located at
http://www.sec.gov/edgar.shtml or IBC’s website at
http://www.ibc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210809005531/en/
Judith Wawroski Treasurer and Principal Financial Officer
International Bancshares Corporation (956) 722-7611 (Laredo)
International Bancshares (NASDAQ:IBOC)
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