International Bancshares Corporation (IBOC) to Issue Dividend of $0.73 on February 27th

International Bancshares Corporation (NASDAQ:IBOC) announced a dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be paid 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 is Friday, February 13th.

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

International Bancshares Trading Down 1.1%

IBOC stock opened at $72.61 on Wednesday. International Bancshares has a 12-month low of $54.11 and a 12-month high of $75.44. The business’s 50-day moving average is $69.99 and its 200 day moving average is $68.96. 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 stock has a market cap of $4.51 billion, a price-to-earnings ratio of 10.74 and a beta of 0.73.

About International Bancshares

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.