Teche Holding (NYSE Amex: TSH) Recently Announced its 58th Consecutive Dividend
Ft Lauderdale, Florida 11/21/2009 04:15 PM GMT (TransWorldNews)
The Board of Directors of Teche Holding Company (NYSE Amex: TSH) the holding company of Teche Federal Bank, recently declared a quarterly dividend of $0.355 per share of its common stock. This dividend is 1.4% higher than the rate of $0.35 per common share this time last year. This represents a quarterly payout ratio of 37.8% based on net income for the quarter ended September 30, 2009. The effective dividend yield amounts to 4.59% based on the stock price on the close of business on November 19, 2009. The dividend will be paid on December 31, 2009 to shareholders of record as of the close of business on December 17, 2009.
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The company has paid a cash dividend for 58 consecutive quarters. Teche Federal presently operates twenty offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry, East Baton Rouge and Ascension. The Company's common stock is listed as Teche Holding Company and is traded under the symbol "TSH" on the NYSE - AMEX. The bank's website address is teche.com. The Federal Deposit Insurance Corporation insures deposits at Teche Federal Bank up to the legal maximum limits.
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