International Stock To Go Ex-dividend Tomorrow (IBOC)

NEW YORK ( TheStreet) -- The ex-dividend date for International Bancshares Corporation (Nasdaq: IBOC) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $21.70 as of 9:30 a.m. ET, the dividend yield is 1.9%.

The average volume for International has been 260,100 shares per day over the past 30 days. International has a market cap of $1.34 billion and is part of the financial sector and banking industry. Shares are up 18.5% year to date as of the close of trading on Tuesday.

International Bancshares Corporation, a banking holding company, provides commercial and retail banking services in south, central, and southeast Texas; and Oklahoma. The company has a P/E ratio of 12.8, above the average banking industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full International Ratings Report.

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