LAFAYETTE, La., May 29, 2020 /PRNewswire/ -- The Board of
Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the
declaration of a quarterly cash dividend of $0.47 per
common share. The dividend is payable on June 26, 2020, to shareholders of record as
of June 12, 2020.
This quarterly dividend level equates to an annualized dividend
rate of $1.88 per common share. Based on the closing
common stock price on May 29, 2020
of $42.41 per common share, the indicated dividend yield on
the Company's common stock would be 4.4%.
The Company's common stock trades on the NASDAQ Global Select
Market under the symbol "IBKC". The Company's common stock market
capitalization was approximately $2.4 billion, based on the
NASDAQ Global Select Market closing common stock price on
May 29, 2020.
IBERIABANK Corporation is a financial holding company with
locations
in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, South
Carolina, North Carolina, Mississippi, Missouri,
and New York offering commercial, private banking,
consumer, small business, wealth and trust management, retail
brokerage, mortgage, and title insurance services.
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SOURCE IBERIABANK Corporation
