International Bancshares Co. (NASDAQ:IBOC) Increases Dividend to $0.70 Per Share

International Bancshares Co. (NASDAQ:IBOC) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.70 per share by the bank on Friday, February 28th. This represents a $2.80 annualized dividend and a dividend yield of 4.31%. This is an increase from International Bancshares’s previous quarterly dividend of $0.27.

International Bancshares has raised its dividend by an average of 4.7% annually over the last three years and has raised its dividend every year for the last 15 years.

International Bancshares Stock Down 1.4 %

Shares of NASDAQ IBOC traded down $0.94 during mid-day trading on Monday, hitting $64.95. The company had a trading volume of 478,438 shares, compared to its average volume of 305,671. The company has a market capitalization of $4.04 billion, a PE ratio of 10.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares has a 1-year low of $48.85 and a 1-year high of $76.91. The business’s 50-day simple moving average is $67.10 and its 200 day simple moving average is $64.49.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Thursday, November 7th. The bank reported $1.60 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.

Insider Activity

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the sale, the chief executive officer now directly owns 965,185 shares in the company, valued at $69,667,053.30. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.93% of the company’s stock.

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.