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IBERIABANK Corp's 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B About To Put More Money In Your Pocket

On 1/16/19, IBERIABANK Corp's 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B (Symbol: IBKCP) will trade ex-dividend, for its semi-annual dividend of $0.8281, payable on 2/1/19. As a percentage of IBKCP's recent share price of $26.63, this dividend works out to approximately 3.11%, so look for shares of IBKCP to trade 3.11% lower - all else being equal - when IBKCP shares open for trading on 1/16/19. On an annualized basis, the current yield is approximately 6.36%, which compares to an average yield of 5.49% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of IBKCP shares, versus IBKC:

Performance Comparison Chart

Below is a dividend history chart for IBKCP, showing historical dividends prior to the most recent $0.8281 on IBERIABANK Corp's 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B:

IBKCP+Dividend+History+Chart

In Monday trading, IBERIABANK Corp's 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B (Symbol: IBKCP) is currently up about 2.2% on the day, while the common shares (Symbol: IBKC) are up about 1.2%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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