International Bancshares Corporation (NASDAQ:IBOC) to Issue Semi-annual Dividend of $0.70

Key Points

• International Bancshares Corporation has increased its semi-annual dividend to $0.70 per share, marking a 6.1% increase from the previous dividend of $0.66.
• The company's stock price rose by 2.6%, reaching $69.20, with a market capitalization of $4.30 billion.
• Institutional investors currently own 65.91% of International Bancshares, indicating strong institutional interest in the company.

International Bancshares Corporation (NASDAQ:IBOC - Get Free Report) announced a semi-annual dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Friday, August 15th will be paid a dividend of 0.70 per share by the bank on Friday, August 29th. This represents a yield of 200.0%. The ex-dividend date is Friday, August 15th. This is a 6.1% increase from International Bancshares's previous semi-annual dividend of $0.66.

International Bancshares Stock Performance

IBOC traded up $0.06 during midday trading on Friday, hitting $68.92. 40,605 shares of the company traded hands, compared to its average volume of 263,092. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.28 billion, a PE ratio of 10.47 and a beta of 0.85. The company's 50-day moving average is $67.11 and its 200 day moving average is $64.49. International Bancshares has a 52 week low of $54.11 and a 52 week high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its earnings results on Thursday, August 7th. The bank reported $1.61 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%.

International Bancshares Company Profile

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.