Teche Announces Quarterly Dividend of $0.36 per Common Share, Yield of 4.5% and Payout Ratio of 42.4%
(firmenpresse) - NEW IBERIA, LA -- (Marketwire) -- 08/25/11 -- (NYSE Amex: TSH) -- The Board of Directors of Teche Holding Company, holding company of Teche Federal Bank, yesterday declared a quarterly dividend of $0.36 per share of its common stock. The effective dividend yield amounts to 4.5% based on the stock price on the close of business on August 24, 2011.
Patrick Little, President and CEO of Teche Holding Company, stated, "Teche has increased its dividend for the last nine years and offers one of the highest yields among the Gulf South Banks and a reasonable payout ratio. We are proud of our consistent record of superior returns to our investors across many economic cycles in the last ten years."
The dividend is 1.4% higher than the rate of $0.355 per common share this time last year. This represents a quarterly payout ratio of 42.4% based on diluted earnings per share for the quarter ended June 30, 2011. The dividend will be paid on September 30, 2011 to shareholders of record as of the close of business on September 16, 2011. The company has paid a cash dividend for 65 consecutive quarters.
Teche Federal presently operates nineteen offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry and East Baton Rouge. The Company's common stock is listed as Teche Holding Company and is traded under the symbol "TSH" on the NYSE - AMEX. The bank's website address is . The Federal Deposit Insurance Corporation (FDIC) insures deposits at Teche Federal Bank up to the legal maximum limits.
Contact:
Ross Little, Jr.
Sr. Vice President, CRO
Teche Holding Company
(337) 560-7151
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2011 - 09:59 Uhr
Sprache: Deutsch
News-ID 1033985
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
NEW IBERIA, LA
Phone:
Kategorie:
Personal Finance
Anmerkungen:
Diese Pressemitteilung wurde bisher 137 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Teche Announces Quarterly Dividend of $0.36 per Common Share, Yield of 4.5% and Payout Ratio of 42.4%
"
steht unter der journalistisch-redaktionellen Verantwortung von
Teche Holding Company (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
