SOURCE: Teche Holding Company

Teche Holding Company

November 24, 2010 09:30 ET

Teche Holding Company Announces Sixty-Second Consecutive Quarterly Dividend

FRANKLIN, LA--(Marketwire - November 24, 2010) - (NYSE Amex: TSH) -- The Board of Directors of Teche Holding Company, holding company of Teche Federal Bank, yesterday declared a quarterly dividend of $0.355 per share of its common stock. 

The dividend is equal to the rate of $0.355 per common share this time last year. This represents a quarterly payout ratio of 40.3% based on diluted earnings per share for the quarter ended September 30, 2010. The effective dividend yield amounts to 4.4% based on the stock price on the close of business on November 23, 2010. The dividend will be paid on December 31, 2010 to shareholders of record as of the close of business on December 17, 2010. The company has paid a cash dividend for 62 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.

Contact Information

  • Contact:
    Ross Little, Jr.
    Sr. Vice President, CRO
    Teche Holding Company
    (337) 560-7151