International Bancshares Corporation (IBOC) to Issue Dividend of $0.73 on August 28th

International Bancshares Corporation (NASDAQ:IBOC) announced a dividend on Friday, July 31st. Investors 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 yield of 192.0%. The ex-dividend date of this dividend is Friday, August 14th.

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

International Bancshares Trading Down 1.1%

NASDAQ:IBOC opened at $72.04 on Wednesday. The business’s 50-day moving average is $75.43 and its two-hundred day moving average is $72.15. The firm has a market capitalization of $4.48 billion, a PE ratio of 10.87 and a beta of 0.69. International Bancshares has a 12 month low of $63.19 and a 12 month high of $78.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.77.

International Bancshares (NASDAQ:IBOC) last issued its earnings results on Thursday, August 6th. The bank reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.07). International Bancshares had a return on equity of 12.67% and a net margin of 38.83%.The company had revenue of $214.82 million during the quarter, compared to analysts’ expectations of $264.13 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.