International Bancshares Co. (IBOC) To Go Ex-Dividend on February 14th

International Bancshares Co. (NASDAQ:IBOC) announced 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 4.19%. The ex-dividend date is Friday, February 14th. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27.

International Bancshares has increased its dividend payment by an average of 4.7% per year over the last three years and has increased its dividend annually for the last 15 consecutive years.

International Bancshares Trading Up 2.9 %

Shares of IBOC opened at $66.82 on Wednesday. The stock has a fifty day moving average price of $66.75 and a two-hundred day moving average price of $64.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares has a 52-week low of $48.85 and a 52-week high of $76.91. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 10.39 and a beta of 0.93.

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

Insider Activity

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

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.