Hancock Holding Keeps Longtime Dividend Steady

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Hancock Holding is resolutely sticking to its longtime dividend policy. Matching the same common stock payout it's distributed since September 2006, the financial services concern has declared a distribution of $0.24 per share. This is to be paid on September 16 to shareholders of record as of September 5.

The just-declared dividend annualizes to $0.96 per share. That yields 2.9% at Hancock Holding's most recent closing stock price of $32.86.

The dividend announcement comes on the heels of last week's unveiling of Q2 results. For the quarter, the firm posted net income of $46.9 million ($0.55 per diluted share), which bested Q2 2012's $39.3 million ($0.46). Net interest income for the two periods was $171.8 million and $180.3 million, respectively.

The article Hancock Holding Keeps Longtime Dividend Steady originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Hancock Holding, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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