TUPELO, Miss., Oct. 27 /PRNewswire-FirstCall/ -- At its regular quarterly meeting on October 27, 2010, the Board of Directors of BancorpSouth, Inc. (NYSE: BXS) declared a quarterly cash dividend of $0.22 per common share. The dividend is payable January 3, 2011 to shareholders of record at the close of business on December 15, 2010.
The Board of Directors determined to maintain BancorpSouth's quarterly dividend. Aubrey Patterson, Chairman and Chief Executive Officer of BancorpSouth, remarked, "On the basis of BancorpSouth's strong capital position, the Board of Directors declared a common stock dividend of $0.22 per share, which is consistent with our dividend for each of the prior ten quarters. We remain 'well capitalized' under regulatory guidelines."
BancorpSouth, Inc. is a financial holding company headquartered in Tupelo, Mississippi, with $13.6 billion in assets. BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc., operates approximately 312 commercial banking, mortgage, insurance, trust and broker/dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas. BancorpSouth Bank also operates an insurance location in Illinois.
SOURCE BancorpSouth, Inc.