June 24, 2010 (FinancialWire) — The board of Iberiabank Corp. (NASDAQ: IBKC) has declared a quarterly cash dividend of $0.34 per share. The dividend is payable on July 23, 2010 to shareholders of record as of July 2, 2010.

The dividend level equates to an annualized dividend rate of $1.36 per share. Based on Iberia’s closing stock price on June 21, 2010 of $54.96 per share, the company had a market capitalization of around $1.5 billion and the indicated dividend yield was 2.47%.

Louisiana-based Iberiabank is a financial holding company based in Lafayette, Louisiana with offices in 12 states. IBERIABANK Corporation and its predecessor organizations have served clients for 123 years.

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