LAFAYETTE, La., March 15, 2016 /PRNewswire/ -- The Board of Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the declaration of a quarterly cash dividend of $0.34 per common share. The dividend is payable on April 29, 2016, to shareholders of record as of March 31, 2016. This dividend level equates to an annualized dividend rate of $1.36 per share. Based on the closing common stock price on March 14, 2016, of $51.33 per common share, the Company had a market capitalization of approximately $2.1 billion and the indicated dividend yield on the Company's common stock was 2.65%.
The Company's common stock trades on the NASDAQ Global Select 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 common stock certificate numbers and complete an enrollment form. Enrollment forms and a summary of the plan are available from Computershare by calling (800) 368-5948.
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.
SOURCE IBERIABANK Corporation