Hancock Holding Keeps Longtime Dividend Steady

Hancock Holding (NASDAQ: HBHC  ) is resolutely sticking to its longtime dividend policy. Matching the same common stock payout it's distributed since September 2006, the financial services concern has declared a distribution of $0.24 per share. This is to be paid on September 16 to shareholders of record as of September 5.

The just-declared dividend annualizes to $0.96 per share. That yields 2.9% at Hancock Holding's most recent closing stock price of $32.86.

The dividend announcement comes on the heels of last week's unveiling of Q2 results. For the quarter, the firm posted net income of $46.9 million ($0.55 per diluted share), which bested Q2 2012's $39.3 million ($0.46). Net interest income for the two periods was $171.8 million and $180.3 million, respectively.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2565880, ~/Articles/ArticleHandler.aspx, 4/23/2014 5:53:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement