Hancock Holding (HWC 1.02%) 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.
