Teche Announces Quarterly Dividend of $0.365 per Common Share, Yield of 3.9% and Payout Ratio of 42.9%
(firmenpresse) - NEW IBERIA, LA -- (Marketwire) -- 02/24/12 -- (NYSE Amex: TSH) -- The Board of Directors of Teche Holding Company, holding company of Teche Federal Bank, yesterday declared a quarterly dividend of $0.365 per share of its common stock. The effective dividend yield amounts to 3.9% based on the stock price on the close of business on Feb. 23, 2012.
The dividend is 1.38% higher than the rate of $0.36 per common share this time last year. This represents a quarterly payout ratio of 42.9% based on diluted earnings per share for the quarter ended December 31, 2011. The dividend will be paid on March 30, 2012 to shareholders of record as of the close of business on March 16, 2012. The company has paid a cash dividend for 67 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
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Datum: 24.02.2012 - 16:36 Uhr
Sprache: Deutsch
News-ID 118368
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contact information:
Town:
NEW IBERIA, LA
Kategorie:
Retail Banking
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