International Bancshares Corporation Announces Cash Dividend and Extension of Stock Repurchase Program
2011年3月11日 - 6:10AM
ビジネスワイヤ(英語)
International Bancshares Corporation (“IBC”) today, announced
that on March 10, 2011, IBC’s Board of Directors approved the
declaration of a 19 cents per share cash dividend for shareholders
of record as of the close of business on March 28, 2011, payable on
April 18, 2011. “This cash dividend was made possible because of
the continuing strong performance of IBC, even in these challenging
economic times,” said Dennis E. Nixon, Chairman and President of
IBC. Mr. Nixon further commented that “the Company’s stock
repurchase program is a positive use of Company funds providing
value to all remaining shareholders.”
It is the inclination of the Board to continue to declare
semiannual cash dividends. However, any declaration of future cash
dividends will depend upon IBC’s financial position, strategic
plans, and general business conditions at the time.
On the same day, IBC announced the extension of its stock
repurchase program. On both April 9, 2009, and March 9, 2010,
the Board authorized the repurchase of up to $40 million of common
stock within the twelve months commencing on April 9 of each
respective year. On March 10, 2011, the Board again authorized
the repurchase of up to $40 million of its common stock during the
twelve month period commencing on April 9, 2011, which
repurchase cap the Board is inclined to increase over time. Since
April 9, 2009 until the present, IBC has repurchased
approximately $16.2 million of common stock, representing
approximately 1,114,440 shares of common stock. IBC currently has
invested approximately $250.4 million in treasury shares, which
amount has been accumulated since IBC’s inception. Stock
repurchases may be made from time to time, on the open market or
through private transactions. Shares repurchased in this program
will be held in treasury for reissue for various corporate
purposes, including employee stock option plans. On April 7,
2009, IBC gained consent from the U.S. Department of the Treasury
to use its regular dividend funds to repurchase common stock.
IBC (NASDAQ:IBOC) is an $11.9 billion multi-bank financial
holding company headquartered in Laredo, Texas, with 278 facilities
and 440 ATMs serving 107 communities in Texas and Oklahoma.
“Safe Harbor” statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which
are not historical facts contain forward-looking information with
respect to plans, projections or future performance of IBC and its
subsidiaries, the occurrence of which involve certain risks and
uncertainties detailed in IBC’s filings with the Securities and
Exchange Commission.
Copies of IBC’s SEC filings and Annual Report (as an exhibit to
the 10-K) may be downloaded from the SEC filings site located at
http://www.sec.gov/edgar.shtml or IBC’s website at
http://www.ibc.com.
International Bancshares (NASDAQ:IBOC)
過去 株価チャート
から 6 2024 まで 7 2024
International Bancshares (NASDAQ:IBOC)
過去 株価チャート
から 7 2023 まで 7 2024