NEW IBERIA, LA -- (Marketwire) -- 12/01/11 -- (NYSE Amex: TSH) -- The Board of Directors of Teche Holding Company, holding company of Teche Federal Bank, yesterday declared a quarterly dividend of $0.36 per share of its common stock. The effective dividend yield amounts to 4.2% based on the stock price on the close of business on Nov. 30, 2011.
The dividend is 1.4% higher than the rate of $0.355 per common share this time last year. This represents a quarterly payout ratio of 35.6% based on diluted earnings per share for the quarter ended September 30, 2011. The dividend will be paid on December 30, 2011 to shareholders of record as of the close of business on December 16, 2011. The company has paid a cash dividend for 66 consecutive quarters.
Teche Federal presently operates nineteen offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry and East Baton Rouge. 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 www.teche.com. The Federal Deposit Insurance Corporation (FDIC) insures deposits at Teche Federal Bank up to the legal maximum limits.