Teche Announces Quarterly Dividend to $0.38 per Common Share, Yield of 2.1% and Payout Ratio of 33.0%
27 Février 2014 - 2:00PM
Marketwired
Teche Announces Quarterly Dividend to $0.38 per Common Share, Yield
of 2.1% and Payout Ratio of 33.0%
NEW IBERIA, LA--(Marketwired - Feb 27, 2014) - (NYSEMKT: TSH)
The Board of Directors of Teche Holding Company, holding company
for Teche Federal Bank, announced that it had declared a quarterly
dividend of $0.38 per share of its common stock. The effective
dividend yield amounts to 2.1% based on the stock price on the
close of business on February 26, 2014.
This dividend represents a quarterly payout ratio of 33.0% based
on diluted earnings per share for the quarter ended December 31,
2013. The dividend will be paid on March 31, 2014 to
shareholders of record as of the close of business on March 17,
2014.
Teche Federal Bank presently operates twenty offices in the
Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin,
Terrebonne, Lafourche, St. Landry and East Baton Rouge. Teche
Holding Company's common stock is traded under the symbol "TSH" on
the NYSE - MKT. The bank's website address is
www.teche.com. The Federal Deposit Insurance Corporation
(FDIC) insures deposits at Teche Federal Bank up to the legal
maximum limits.
Statements contained in this news release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors, which
include, but are not limited to, factors discussed in documents
filed by Teche Holding Company with the Securities and Exchange
Commission from time to time. Teche Holding Company does not
undertake to update any forward-looking statement, whether written
or oral, that may be made from time to time by or on behalf of
Teche Holding Company.
Contact: Ross Little, Jr. Executive Vice President Teche Holding
Company (337) 560-7151
Teche (AMEX:TSH)
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