International Bancshares (IBOC) Raises Quarterly Dividend 19% to $0.50; 4.9% Yield

International Bancshares (NASDAQ: IBOC) declared a quarterly dividend of $0.50 per share, or $2 annualized. This is a 19% increase from the prior dividend of $0.42.

The dividend will be payable on April 15, 2019, to stockholders of record on April 1, 2019, with an ex-dividend date of March 29, 2019.

The annual yield on the dividend is 4.9 percent.

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

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

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