SOURCE: Teche Holding Company

November 21, 2008 10:07 ET

Teche Holding Company Announces Fifty-Fourth Consecutive Quarterly Dividends

FRANKLIN, LA--(Marketwire - November 21, 2008) - (AMEX: TSH) (NYSE Alternext: TSH) -- The Board of Directors of Teche Holding Company, holding company of Teche Federal Bank, yesterday declared an increase in the quarterly dividend to $0.35 per share of its common stock.

The dividend is 4.48% higher than the rate of $0.335 per common share this time last year. This represents a quarterly payout ratio of 35.4% based on diluted earnings per share for the quarter ended September 30, 2008. The effective dividend yield amounts to 4.40% based on the stock price on the close of business on September 30, 2008. The dividend will be paid on December 31, 2008 to shareholders of record as of the close of business on December 17, 2008. The company has paid a cash dividend for fifty-four consecutive quarters.

Teche Federal presently operates twenty offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry, East Baton Rouge and Ascension. The Company's common stock is listed as Teche Holding Company and is traded under the symbol "TSH" on the NYSE Alternext US. The bank's website address is The Federal Deposit Insurance Corporation (FDIC) insures deposits at Teche Federal Bank up to the legal maximum limits.

"This release may contain forward-looking statements. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, therefore, readers should not place undue reliance on any forward-looking statements. Teche Holding Company does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements."

Contact Information

  • For More Information Contact:
    Ross Little, Jr.
    (337) 560-7151