The declared cash dividend on the Series B Preferred Stock is for the time period between February 1, 2016, and July 31, 2016. The declared cash dividend equated to approximately $0.828 per Depositary Share, or $331.25 per share of Series B Preferred Stock outstanding. The cash dividend is payable on August 1, 2016, to shareholders of record as of the close of business on July 15, 2016. When, as, and if declared by the Board of Directors, future dividend payment dates on the Series B Preferred Stock and associated Depositary Shares will be payable semi-annually, in arrears, on February 1, and August 1 of each year.
The Company's Series B Preferred Stock trades on the NASDAQ Global Select Market under the symbol "IBKCP."
IBERIABANK Corporation is a financial holding company based in Lafayette, Louisiana with locations in 10 states. IBERIABANK Corporation and its predecessor organizations have served clients for 129 years.
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SOURCE IBERIABANK Corporation