International Bancshares Corporation Announces Increased Cash Dividend
September 18 2013 - 12:25PM
Business Wire
International Bancshares Corporation (“IBC”) today
announced that on September 16, 2013, IBC’s Board of Directors
approved the declaration of a 23 cents per share cash
dividend for shareholders of record as of the close of business on
September 30, 2013, payable on October 15, 2013. “This cash
dividend, which reflects an increase of 15% per share over IBC’s
most recent cash dividend, was made possible because of the
continuing favorable performance of IBC during these challenging
economic times,” 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 (NASDAQ:IBOC) is an $11.6 billion multi-bank financial
holding company headquartered in Laredo, Texas, with 216 facilities
and more than 320 ATMs serving 88 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 CorporationJudy Wawroski,
956-722-7611First Vice President
International Bancshares (NASDAQ:IBOC)
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