Stock Yards Bancorp Increases Quarterly Cash Dividend to $0.31 Per Common Share
21 Agosto 2024 - 6:30AM
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock
Yards Bank & Trust Company, with offices in the Louisville,
central, eastern and northern Kentucky, as well as the
Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets,
announced that its Board of Directors increased its cash dividend
to $0.31 per common share. The dividend will be paid on October 1,
2024, to stockholders of record as of September 16, 2024.
Commenting on the announcement, James A. (Ja)
Hillebrand, Chairman and Chief Executive Officer, said, “Our strong
and consistent profitability and solid capital position contributes
to our ability to steadily increase dividends and to further build
shareholder value. With this announcement, Stock Yards Bancorp has
now raised its quarterly dividend rate a total of 17 times since
2011, resulting in a cumulative increase of 158% over that
time.”
Louisville, Kentucky-based Stock Yards Bancorp,
Inc., with $8.32 billion in assets, was incorporated in 1988 as a
bank holding company. It is the parent company of Stock Yards Bank
& Trust Company, which was established in 1904. The Company’s
common shares trade on The Nasdaq Stock Market under the symbol
“SYBT.” For more information about Stock Yards Bancorp, visit the
Company’s website at www.syb.com.
Contact: |
T. Clay
Stinnett |
|
Executive Vice President, Treasurer |
|
and Chief Financial Officer |
|
(502) 625-0890 |
Stock Yards Bancorp (NASDAQ:SYBT)
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