LAFAYETTE, La., Sept. 16 LA-IBKC-Cash-Dividend
LAFAYETTE, La., Sept. 16 /PRNewswire-FirstCall/ -- The Board of Directors
of IBERIABANK Corporation (Nasdaq: IBKC), announced the declaration of a
quarterly cash dividend of $0.34 per share. The dividend is payable on
October 24, 2008 to shareholders of record as of September 30, 2008. This
dividend level equates to an annualized dividend rate of $1.36 per share.
Based on the closing stock price on September 15, 2008 of $54.94 per share,
the indicated dividend yield is 2.47%.
At June 30, 2008 IBERIABANK Corporation had total assets of $5.3 billion,
shareholders' equity of $509 million, and market capitalization of
approximately $700 million. The Company's common stock trades on the NASDAQ
Stock Market under the symbol "IBKC".
IBERIABANK Corporation shareholders may take advantage of the Company's
Dividend Reinvestment Plan. This program provides a convenient, economical way
for shareholders to increase their holdings of the Company's common stock. The
shareholder pays no brokerage commissions or service charges while
participating in the plan.
To enroll in IBERIABANK Corporation's Dividend Reinvestment Plan,
shareholders must have their stock certificate numbers and complete an
enrollment form. Enrollment forms and a summary of the plan are available from
the Registrar and Transfer Company by calling (800) 368-5948.
IBERIABANK Corporation is a financial holding company based in Lafayette,
Louisiana with offices serving an eight-state region. IBERIABANK Corporation
and its predecessor organizations have served clients for 121 years.
SOURCE IBERIABANK Corporation
