Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

International Bancshares Hikes Dividend; To Repurchase Up To $40 Mln Of Shares

International Bancshares Corp.(IBOC: Quote) announced that its Board approved the declaration of a $0.20 per share cash dividend for shareholders of record as of the close of business on April 2, 2012, payable on April 20, 2012.

"This cash dividend, which reflects a 5.25% increase of 1 cent per share over IBC's most recent cash dividend, was made possible because of IBC's continuing strong performance during these challenging economic times," said Dennis Nixon, Chairman and President of IBC.

It is the inclination of the Board to continue to declare semiannual cash dividends.

IBC announced the extension of its stock repurchase program. On April 9, 2009, March 9, 2010, and March 10, 2011 the Board authorized the repurchase of up to $40 million of common stock within the next twelve months.

The company said that its board again authorized the repurchase of up to $40 million of its common stock during the twelve month period commencing on April 9, 2012, which repurchase cap the Board is inclined to increase over time.

Register
To receive FREE breaking news email alerts for INTL BANCSHS CP and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Hewlett-Packard has recalled the AC power cords for its HP and Compaq notebook computer, citing a tendency to overheat, causing a potential fire and burn hazard. HP requests that consumers stop using the cord immediately and contact them to order a replacement cord free of charge. A UN report describing terrible atrocities carried out by Islamic State militants in Syria says children as young as 10 are being recruited and trained at ISIS camps as fighters. The report, based on 480 interviews and and evidence collected between 20 January and 15 July, chronicles the unimaginable brutality and human cost of the Syrian conflict. The report by the independent international com Poverty in Latin America and the Caribbean has been reduced by almost half in the last decade, and the middle class grew by 82 million people, from 21 percent of the population in 2000 to 34 percent in 2012, according to new data released by the United Nations Development Program (UNDP). UNDP's analysis, based on data from the Center for Distributive, Labor and Social Studies (CEDLAS), highlights
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.