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Stock impact report

International Bancshares Corporation Increases Cash Dividend by 4.76%

International Bancshares Corporation (IBOC) 
US:NASDAQ Investor Relations: ibc.com/en-us/investors/pages/default.aspx
Company Research Source: Business Wire
LAREDO, Texas--(BUSINESS WIRE)--International Bancshares Corporation (NASDAQ: IBOC) announced today that on Jan. 31, 2024, IBC’s Board of Directors approved the declaration of a 66 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 15, 2024, payable on Feb. 28, 2024. This dividend represents a 4.76% or 3 cents per share increase above IBC’s previous dividend paid on Aug. 25, 2023.“This discretionary cash dividend was made possible because of our Company’s continued record of superior financial results. Adding to this strong performance is our exceptionally strong capital position, significant liquidity, and more than fifty-seven years of positive earnings. In 2024, we remain committed to continuing to manage our Company responsibly to position us for sustained success and to enhance the value of our Company for our shareholders,” said Dennis E. Nixon, president, and CEO of IBC.IBC is a multi-bank financial Show less Read more
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