IberiaBank Corporation 6.10% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Series D

By: ,

CAUTION–THIS PREFERRED ISSUE PAYS DIVIDENDS JUST TWICE PER YEAR

Date Issued  3/28/2019

Shares Issued  4,000,000 Overallotment Shares 0

Advertisement.

S&P Rating  BB  Moodys Rating   NR

Security Ticker Symbol   IBKCN   OTC Temp Ticker  IBBRL

Market Traded On   NASDAQ

Dividend Payment Paid on the 1st of May and November beginning on 11/1/2019

Semi Annual Dividend   .763  Annual Dividend   1.525

On 5/1/2024 Coupon Rate Floats.  The rate will be 3 month libor plus 3.859% Dividend payments go to quarterly payments beginning at this time and will be on 2/1, 5/1, 8/1 and 11/1.

Securities may be redeemed, at the issuers option, as early as 05/01/2024 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None

Advertisement.

 

Company Investor Relations Page for Iberiabank Corporation

Click here to find the offering Prospectus and Final Pricing Document

Related Posts:

Tim McPartland

Connect with Tim McPartland

Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
X
Search Dividend Investor