Teche Announces Quarterly Dividend of $0.365 per Share and Special
Dividend of $0.365 per Common Share
NEW IBERIA, LA -- (Marketwire) -- 11/29/12 -- (NYSE MKT: TSH) -- The
Board of Directors of Teche Holding Company, holding company of Teche
Federal Bank, announced today that it had declared a quarterly
dividend of $0.365 per share of its common stock. The effective
quarterly dividend yield amounts to 3.76% based on the stock price on
the close of business on November 26, 2012. In addition, the Board of
Directors declared a special dividend of $0.365 per share of its
common stock. The quarterly and special dividends will be paid on
December 31, 2012, to shareholders of record as of the close of
business on December 17, 2012. The Company has paid a cash dividend
for 70 consecutive quarters.
"Because of the uncertainty in the tax rate to be paid by our
shareholders on dividends in 2013 and in view of our strong earnings
and capital, we felt it advisable to declare a special dividend this
month," said Little.
In view of the special dividend, the Company does not anticipate
declaring a dividend for the Company's first fiscal quarter ended
December 31, 2012, which would normally be paid in the first calendar
quarter of 2013. The Company anticipates resuming its quarterly
dividend commencing with the quarter ended March 31, 2013, which
would typically be paid in the second calendar quarter of 2013,
however, no assurances can be given that such dividend policy will be
resumed. The payment of dividends is subject to determination and
declaration by the Board of Directors, which will take into account a
number of factors.
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 - MKT. 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
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.
Ross Little, Jr.
Sr. Vice President, CRO
Teche Holding Company
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