International Bancshares Corporation Announces Significant Increase in Cash Dividend
September 19 2016 - 11:45AM
Business Wire
International Bancshares Corporation (“IBC”) announced today
that on September 15, 2016, IBC’s Board of Directors approved the
declaration of a thirty-one cents per share cash dividend for
shareholders of record of Common Stock, $1.00 par value, as of the
close of business on September 30, 2016, payable on October 17,
2016. “This cash dividend, which reflects an increase of 7% per
share over IBC’s most recent cash dividend, was made possible
because of the Company’s very strong capital position and continued
favorable earnings performance during these challenging economic
times,” said Dennis E. Nixon, President and CEO of IBC.
IBC (NASDAQ:IBOC) is a multi-bank financial holding company with
$11.8 billion in assets headquartered in Laredo, Texas, with 204
facilities and more than 310 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 future developments or events, expectations, plans,
projections or future performance of IBC and its subsidiaries, the
occurrence of which involve certain risks and uncertainties,
including those 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: http://www.businesswire.com/news/home/20160919006084/en/
International Bancshares CorporationJudith Wawroski,
956-722-7611Senior Vice President
International Bancshares (NASDAQ:IBOC)
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