IberiaBank Corporation 6.10% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Series D
By: Tim McPartland,
CAUTION–THIS PREFERRED ISSUE PAYS DIVIDENDS JUST TWICE PER YEAR
Date Issued 3/28/2019
Shares Issued 4,000,000 Overallotment Shares 0
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
Company Investor Relations Page for Iberiabank Corporation
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