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

International Bancshares Co. (NASDAQ:IBOC - Get Free Report) declared a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Friday, February 14th will be paid 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 4.12%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from International Bancshares's previous quarterly dividend of $0.27.

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

International Bancshares Stock Performance

Shares of IBOC traded up $0.50 during mid-day trading on Thursday, reaching $67.91. The company had a trading volume of 165,432 shares, compared to its average volume of 292,069. The stock has a market capitalization of $4.22 billion, a P/E ratio of 10.56 and a beta of 0.93. International Bancshares has a 52-week low of $48.85 and a 52-week high of $76.91. The stock has a 50 day moving average of $66.64 and a two-hundred day moving average of $64.52. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

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

Insider Buying and Selling

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the transaction, the chief executive officer now owns 965,185 shares of the company's stock, valued at approximately $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.93% of the stock is currently owned by insiders.

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.