International Bancshares Corporation (NASDAQ:IBOC) Plans $0.73 Dividend

International Bancshares Corporation (NASDAQ:IBOC) announced a dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.73 per share by the bank on Friday, August 28th. This represents a dividend yield of 192.0%. The ex-dividend date is Friday, August 14th.

International Bancshares has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 16 years.

International Bancshares Stock Down 0.4%

Shares of NASDAQ IBOC opened at $76.22 on Tuesday. International Bancshares has a 12-month low of $63.19 and a 12-month high of $78.46. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $75.17 and a 200 day moving average of $71.98. The stock has a market cap of $4.74 billion, a PE ratio of 11.38 and a beta of 0.68.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Thursday, May 7th. The bank reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.04). International Bancshares had a net margin of 39.33% and a return on equity of 13.16%. The firm had revenue of $208.46 million during the quarter, compared to analysts’ expectations of $257.28 million.

About International Bancshares

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.