International Bancshares Co. (NASDAQ:IBOC) to Issue Quarterly Dividend of $0.70

International Bancshares Co. (NASDAQ:IBOC) announced a quarterly dividend on Friday, January 31st,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 4.17%. The ex-dividend date is Friday, February 14th. This is an increase from International Bancshares’s previous quarterly dividend of $0.27.

International Bancshares has increased its dividend by an average of 4.7% annually over the last three years and has increased its dividend every year for the last 16 years.

International Bancshares Price Performance

Shares of International Bancshares stock opened at $67.10 on Wednesday. The firm has a market cap of $4.17 billion, a PE ratio of 10.44 and a beta of 0.93. International Bancshares has a twelve month low of $48.85 and a twelve month high of $76.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $66.28 and a 200 day moving average price of $64.49.

About International Bancshares

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.