Business & Finance
Business and Finance
Business and Finance
Mon, February 28, 2011
Sun, February 27, 2011
Sat, February 26, 2011
Fri, February 25, 2011 Teche Holding Company Announces Increase in Sixty-Third Consecutive Quarterly Dividend
NEW IBERIA, LA--(Marketwire - February 25, 2011) - (
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 41.4% based on diluted earnings per share for the quarter ended December 31, 2010. The effective dividend yield amounts to 3.92% based on the stock price on the close of business on February 24, 2011. The dividend will be paid on March 31, 2011 to shareholders of record as of the close of business on March 17, 2011. The company has paid a cash dividend for 63 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.
