International Bancshares Corporation (NASDAQ:IBOC) Announces Dividend of $0.73

International Bancshares Corporation (NASDAQ:IBOC) announced a dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be given a dividend of 0.73 per share by the bank on Friday, February 27th. This represents a yield of 203.0%. The ex-dividend date of this dividend is Friday, February 13th.

International Bancshares has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 16 years.

International Bancshares Stock Up 0.1%

Shares of IBOC stock traded up $0.06 during trading hours on Tuesday, reaching $71.95. 94,831 shares of the company’s stock were exchanged, compared to its average volume of 248,916. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 10.64 and a beta of 0.73. International Bancshares has a fifty-two week low of $54.11 and a fifty-two week high of $73.65. The stock’s 50 day moving average is $69.15 and its 200-day moving average is $68.79.

International Bancshares (NASDAQ:IBOC) last announced its earnings results on Thursday, November 6th. The bank reported $1.74 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 14.20% and a net margin of 40.10%.The company had revenue of $218.08 million for the quarter.

International Bancshares Company Profile

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.