NEW ORLEANS, Aug. 27, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of Whitney Holding Corporation (Nasdaq:WTNY) declared today a quarterly cash dividend of $.31 per share of common stock, payable on October 1, 2008 to shareholders of record as of September 15, 2008.
This dividend represents a $.02 per share, or 7%, increase over the quarterly dividend rate paid in 2007's third quarter. The dividend represents an annualized dividend yield of 6.1% based on Whitney's August 26, 2008 closing price.
Whitney Holding Corporation, through its banking subsidiary Whitney National Bank, serves the five-state Gulf Coast region stretching from Houston, Texas; across southern Louisiana and the coastal region of Mississippi; to central and south Alabama; the panhandle of Florida; and the Tampa Bay metropolitan area of Florida.
(WTNY-D)