International Bancshares (IBOC) Raises Special Dividend 27.3% to $0.42; 0.9% Yield

International Bancshares (NASDAQ: IBOC) declared a special dividend of $0.42 per share. This is a 27.3% increase from the prior dividend of $0.33.

The dividend will be payable on October 16, 2018, to stockholders of record on October 9, 2018, with an ex-dividend date of October 5, 2018.

The annual yield on the dividend is 0.9 percent.

“This significant increase in the cash dividend was made possible because of our company’s strong earnings performance augmented by the benefits of the recent tax cut, and the very strong capital position of the company,” said Dennis E. Nixon, President and CEO of IBC.

For a dividend history and other dividend-related data on International Bancshares (IBOC) click here.

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