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NEW ORLEANS, May 25, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Whitney Holding Corporation (Nasdaq: WTNY) declared today a quarterly cash dividend of $.25 per share of common stock, payable on July 1, 2005 to shareholders of record as of June 15, 2005. This dividend reflects the 3-for- 2 stock split effective today and represents a 7% increase over the quarterly dividend rate in the first quarter of 2005 on a split-adjusted basis. When combined with the dividend increase in the fourth quarter of 2004, cash dividends per share have increased 14% from the split-adjusted rate paid in 2004's second quarter.
William L. Marks, Chairman and Chief Executive Officer said, "When it established the dividend rate for the post-split shares, Whitney's Board considered both our excellent results so far this year and our prospects for the future. Whitney's capital position remains strong, allowing us to take advantage of attractive growth opportunities that may arise."
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.
SOURCE Whitney Holding Corporation
Thomas L. Callicutt, Jr. of Whitney Holding Corporation, +1-504-552-4591
http://www.prnewswire.com
