Teche Increases Quarterly Dividend to $0.375 per Common Share, Yield of 3.33%
and Payout Ratio of 38.9%
NEW IBERIA, LA -- (Marketwired) -- 08/30/13 -- (NYSE MKT: TSH) - The
Board of Directors of Teche Holding Company, holding company for
Teche Federal Bank, announced today that it had declared a quarterly
dividend of $0.375 per share of its common stock. The effective
dividend yield amounts to 3.33% based on the stock price on the close
of business on August 29, 2013.
This $0.375 per common share dividend is 2.67% higher than the $0.365
per common share dividend declared for the same quarter last year.
This dividend represents a quarterly payout ratio of 39.5% based on
diluted earnings per share for the quarter ended June 30, 2013. The
dividend will be paid on September 30, 2013 to shareholders of record
as of the close of business on September 16, 2013.
Teche Federal Bank presently operates twenty offices in the Louisiana
parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne,
Lafourche, St. Landry and East Baton Rouge. Teche Holding Company's
common stock 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 limits.
Statements contained in this news release, which are not historical
facts, are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties
which could cause actual results to differ materially from those
currently anticipated due to a number of factors, which include, but
are not limited to, factors discussed in documents filed by Teche
Holding Company with the Securities and Exchange Commission from time
to time. Teche Holding Company does not undertake to update any
forward-looking statement, whether written or oral, that may be made
from time to time by or on behalf of Teche Holding Company.
Ross Little, Jr.
Sr. Vice President, CRO
Teche Holding Company
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