N🟁N

Teche Holding Company Announces Sixtieth Consecutive Quarterly Dividend

  //business-finance.news-articles.net/content/201 .. ces-sixtieth-consecutive-quarterly-dividend.html
  Published in Business and Finance on Thursday, May 27th 2010 at 9:10 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

FRANKLIN, LA--(Marketwire - May 27, 2010) - (NYSE Amex: [ TSH ]) -- The Board of Directors of Teche Holding Company, holding company of Teche Federal Bank, yesterday declared a quarterly dividend of $0.355 per share of its common stock.

The dividend is 1.43% higher than the rate of $0.35 per common share this time last year. This represents a quarterly payout ratio of 44.4% based on diluted earnings per share for the quarter ended March 31, 2010. The effective dividend yield amounts to 4.63% based on the stock price on the close of business on May 26, 2010. The dividend will be paid on June 30, 2010 to shareholders of record as of the close of business on June 16, 2010. The company has paid a cash dividend for 60 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 [ www.teche.com ]. The Federal Deposit Insurance Corporation (FDIC) insures deposits at Teche Federal Bank up to the legal maximum limits.