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Texas-based International Bancshares increases cash dividend by 10%

The board of Laredo, Texas-based International Bancshares Corp. approved a cash dividend of 55 cents per share.

The dividend will be paid Oct. 15 to common shareholders of record as of the close of business on Sept. 30. It represents an increase of 5 cents or 10% from the previous dividend of 50 cents per share.