LAFAYETTE, La., June 22 /PRNewswire-FirstCall/ -- 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 July 23, 2010 to shareholders of record as of July 2, 2010. This dividend level equates to an annualized dividend rate of $1.36 per share. Based on the closing stock price on June 21, 2010 of $54.96 per share, the Company had a market capitalization of approximately $1.5 billion and the indicated dividend yield was 2.47%.
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 financial 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