Business & Finance
Business and Finance
Business and Finance
Thu, February 19, 2009 Teche Holding Company: Teche Holding Company Announces Fifty-Fifth Consecutive Quarterly Dividends
FRANKLIN, LA--(Marketwire - February 19, 2009) - (
The dividend is 2.9% higher than the rate of $0.34 per common share this time last year. This represents a quarterly payout ratio of 42.2% based on diluted earnings per share for the quarter ended December 31, 2008 and a quarterly payout ratio of 36.1% based on core diluted earnings per share for the quarter ended December 31, 2008. The effective dividend yield amounts to 5.1% based on the stock price on the close of business on February 17, 2009. The dividend will be paid on March 31, 2009 to shareholders of record as of the close of business on March 17, 2009. The company has paid a cash dividend for fifty-five consecutive quarters.
Teche Federal presently operates twenty offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry, East Baton Rouge and Ascension. The Company's common stock is listed as Teche Holding Company and is traded under the symbol "TSH" on the NYSE Alternext US. The bank's website address is [ www.teche.com ]. The Federal Deposit Insurance Corporation (FDIC) insures deposits at Teche Federal Bank up to the legal maximum limits.
"This release may contain forward-looking statements. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, therefore, readers should not place undue reliance on any forward-looking statements. Teche Holding Company does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements."
