Stock Yards Bancorp Boosts Quarterly Dividend to $0.31
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Stock Yards Bancorp Increases Quarterly Cash Dividend
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, announced that its Board of Directors increased its cash dividend to $0.31 per common share. The dividend exemplifies the company’s strong performance and will continue to enhance shareholder value.
Commitment to Shareholder Value
James A. (Ja) Hillebrand, Chairman and Chief Executive Officer, expressed that the company’s strong and consistent profitability and solid capital position allow them to sustainably increase dividends. This new dividend marks the 17th increase since 2011, leading to an impressive cumulative rise of 158% during this period.
Company Background
Stock Yards Bancorp, established in 1988, is based in Louisville and currently manages $8.32 billion in assets. It operates through Stock Yards Bank & Trust Company, which has been serving customers since 1904. The company is committed to providing exceptional financial services to its clients across various markets.
Trading Information
The common shares of Stock Yards Bancorp trade on The Nasdaq Stock Market under the symbol “SYBT.” This public listing reflects their commitment to transparency and accountability to shareholders.
Contact Information
For additional inquiries regarding the company, please contact:
T. Clay Stinnett
Executive Vice President, Treasurer and Chief Financial Officer
(502) 625-0890
Frequently Asked Questions
What is the new dividend amount announced by Stock Yards Bancorp?
The Board of Directors has increased the cash dividend to $0.31 per common share.
How many times has Stock Yards Bancorp raised its dividend?
The company has raised its dividend a total of 17 times since 2011.
What is the significance of the new dividend?
The new dividend reflects the company’s strong profitability and aims to enhance shareholder value.
Where can I find more information about Stock Yards Bancorp?
More information can be found on the company's official website at www.syb.com.
Who can I contact for more inquiries?
You can contact T. Clay Stinnett, Executive Vice President, Treasurer and Chief Financial Officer, at (502) 625-0890.
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