International Bancshares Corporation Announces Increase in Cash Dividend
March 20 2015 - 3:03PM
Business Wire
International Bancshares Corporation (“IBC”) (NASDAQ:IBOC),
today announced that on March 19, 2015, its Board of Directors
approved the declaration of a 29 cents per share cash
dividend for shareholders of record as of the close of business on
April 1, 2015, payable on April 17, 2015. “This cash dividend,
which reflects an increase of 7.4% per share over IBC’s most recent
cash dividend, was made possible because of the continuing
favorable performance of IBC during these challenging times from an
economic as well as regulatory perspective,” said Dennis E. Nixon,
President and CEO of IBC.
It is the inclination of the Board to continue to declare
semiannual cash dividends. However, any declaration of future cash
dividends will depend upon IBC’s financial position, strategic
plans, and general business conditions at the time.
IBC is a multi-bank financial holding company headquartered in
Laredo, Texas, with $12.2 billion in total assets, 211
facilities and over 324 ATMs serving 90 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.
International Bancshares Corporation, LaredoJudy Wawroski,
956-722-7611First Vice President
International Bancshares (NASDAQ:IBOC)
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