LAFAYETTE, La., March 11, 2011 /PRNewswire/ -- The Board of Directors of IBERIABANK Corporation (Nasdaq: IBKC) announced the declaration of a quarterly cash dividend of $0.34 per share. The dividend is payable on April 29, 2011, to shareholders of record as of March 31, 2011. This dividend level equates to an annualized dividend rate of $1.36 per share. Based on the closing stock price on March 10, 2011, of $55.64 per share, the Company had a market capitalization of approximately $1.5 billion and the indicated dividend yield was 2.44%.
The Company's common stock trades on the NASDAQ Stock Market under the symbol "IBKC".
IBERIABANK Corporation shareholders may take advantage of the Company's Dividend Reinvestment Plan. This program provides a convenient, economical way for shareholders to increase their holdings of the Company's common stock. The shareholder pays no brokerage commissions or service charges while participating in the plan.
To enroll in IBERIABANK Corporation's Dividend Reinvestment Plan, shareholders must have their stock certificate numbers and complete an enrollment form. Enrollment forms and a summary of the plan are available from the Registrar and Transfer Company by calling (800) 368-5948.
IBERIABANK Corporation is a bank holding company based in Lafayette, Louisiana with offices in 12 states. IBERIABANK Corporation and its predecessor organizations have served clients for 123 years.
SOURCE IBERIABANK Corporation