U.S. Markets open in 6 hrs 43 mins

IBERIABANK (IBKC) Rewards Shareholders With 5% Dividend Hike

Zacks Equity Research
China Life Insurance (LFC) seems to be a good value pick, as it has impressive value metrics, and is seeing solid earnings estimate revisions as well.

IBERIABANK Corporation IBKC has raised its quarterly common stock dividend by about 5% to 43 cents per share. The dividend will be paid on Apr 26, to shareholders of record as of Mar 29, 2019.

IBERIABANK’s robust business model reflects the company’s commitment toward returning value to shareholders with its strong cash-generation capabilities. Since 2016, the company has raised its dividend six times. Prior to this revision, the company had raised its quarterly dividend to 41 cents per share last October, marking a 5% hike.

The bank also has an active share-repurchase plan in place. In November 2018, the company announced a new share-buyback plan with authorization to repurchase 2.765 million shares, representing around 5% of the total shares outstanding.

With strong liquidity and balance-sheet position, we believe IBERIABANK will continue to reward its shareholders, moving ahead.

Some other finance stocks which raised their dividends during the current quarter include First Horizon National Corp. FHN, Comerica CMA and Wintrust Financial Corporation WTFC. First Horizon raised its quarterly dividend by 17%, while Comerica increased by 12%. Also, Wintrust Financial has announced a 31.6% rise in its common stock dividend.

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?

From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.

This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.

See Stocks Today >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Comerica Incorporated (CMA) : Free Stock Analysis Report
 
Wintrust Financial Corporation (WTFC) : Free Stock Analysis Report
 
First Horizon National Corporation (FHN) : Free Stock Analysis Report
 
IBERIABANK Corporation (IBKC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research