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CORRECTION - In Its Press Release Dated May 22, 2013, MidSouth Conveyed An Incorrect Record Date For Its Upcoming Quarterly Common Stock Dividend. The Corrected Information Is Provided Below. We Apologize For Any Confusion This May Have Created.
May 30, 2013 /PRNewswire/ -- MidSouth Bancorp, Inc. ("MidSouth") (NYSE MKT: MSL) announced that earlier today its Board of Directors declared a quarterly dividend of
$0.08 per common share. The dividend is a 14% increase over the previous quarter's dividend and will be paid on
July 1, 2013, to all shareholders of record as of the close of business on
June 14, 2013.
"Today's announcement of a common stock dividend increase reflects the overall operating and financial strength of the company and our continuing commitment to return value to our shareholders," said C.R. "Rusty" Cloutier, the bank's President and Chief Executive Officer. Based on the closing price on
May 21, 2013, of
$15.02, the dividend amount equates to a 2.13% yield on MidSouth Bancorp's common stock. With the payment of the
July 1 dividend, MidSouth will have paid consecutive quarterly dividends every year since 1995.
Additionally, the Board of Directors declared a quarterly cash dividend of 1.00% per preferred share on its newly issued 4.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series C. The dividend is payable on
July 15, 2013, to shareholders of record on
July 1, 2013.
About MidSouth Bancorp, Inc.
MidSouth Bancorp, Inc. is a financial holding company headquartered in
Lafayette, Louisiana, with assets of
$1.9 billion as of
March 31, 2013. Through its wholly owned subsidiary, MidSouth Bank, N.A., MidSouth offers a full range of banking services to commercial and retail customers in
Texas. MidSouth Bank currently has 60 banking centers in
Texas and is connected to a worldwide ATM network that provides customers with access to more than 50,000 surcharge-free ATMs. Additional corporate information is available at
SOURCE MidSouth Bancorp, Inc.