International Bancshares Corp(NASDAQ:IBOC) Declares Dividend of $0.3100.

International Bancshares Corp (NASDAQ:IBOC) had declared a cash dividend of $0.3100 on Sep 19, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 19, 2016 share price, the yield comes out to be 4.2597%. The dividend payable date has been fixed on Oct 17, 2016.

International Bancshares Corp (IBOC) made into the market gainers list on Thursdays trading session with the shares advancing 2.26% or 0.67 points. Due to strong positive momentum, the stock ended at $30.36, which is also near the day’s high of $30.37. The stock began the session at $29.77 and the volume stood at 1,75,441 shares. The 52-week high of the shares is $31 and the 52 week low is $21.05. The company has a current market capitalization of $2,002 M and it has 6,59,48,190 shares in outstanding.

International Bancshares Corp(IBOC) last announced its earnings results on Aug 5, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.45.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Anda Javier De (director) purchased 2,500 shares at $25.15 per share price.Also, On Dec 10, 2015, R David Guerra (director) sold 4,763 shares at $27.02 per share price.On Dec 9, 2015, Antonio R Jr Sanchez (director 10% owner) sold 100,000 shares at $27.97 per share price, according to the Form-4 filing with the securities and exchange commission.

International Bancshares Corporation is a financial holding company. The Company through its subsidiaries is primarily engaged in the business of banking including the acceptance of checking and savings deposits and the making of commercial real estate personal home improvement automobile and other installment and term loans. The primary markets of the Company are South Central and Southeast Texas and the state of Oklahoma. Its banking subsidiaries facilitate international trade along the United States border with Mexico and elsewhere. The bank subsidiaries primarily focus on providing commercial banking services to small and medium sized businesses located in their trade areas. Its insurance-related subsidiary is in the business of reinsuring credit life and credit accident and health insurance.

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