Stock Yards Bancorp Boosts Quarterly Dividend to $0.32 Per Share
Stock Yards Bancorp Announces Dividend Increase
Stock Yards Bancorp, Inc., the parent company of Stock Yards Bank & Trust Company, proudly announced a significant increase in its quarterly cash dividend. The Board of Directors has set the new dividend at $0.32 per common share, a decision celebrated by shareholders. This announcement marks another milestone in the company's ongoing commitment to delivering value to its investors.
Growth in Shareholder Value
James A. (Ja) Hillebrand, Chairman and Chief Executive Officer, highlighted the importance of this dividend increase. He stated, "Our consistent profitability and robust capital position enable us to steadily grow dividends and enhance long-term shareholder value." This commitment is further underscored by the fact that since 2011, Stock Yards Bancorp has raised its quarterly dividend rate a staggering 18 times, resulting in an impressive cumulative increase of 167%. This history reflects the company's strategic focus on rewarding its investors.
Company Overview
Founded in 1988, Stock Yards Bancorp, Inc. has grown to be a significant player in the financial services sector. With assets totaling approximately $9.21 billion, the company has built a solid reputation in the community. It operates primarily through Stock Yards Bank & Trust Company, which has roots tracing back to 1904. The common shares of this dynamic company are traded on the NASDAQ stock market under the ticker symbol SYBT.
A Legacy of Trust
Stock Yards Bank & Trust Company has become a cornerstone of financial services in its various markets. Its commitment to customer satisfaction and community involvement has solidified its reputation as a trusted banking institution. The bank offers a diverse range of services, catering to both individual clients and businesses, thereby contributing positively to the overall economy.
Continued Commitment to Growth
The recent decision to increase the dividend showcases how Stock Yards Bancorp is navigating through the financial landscape. With its extensive experience and strategic management, the company is well-positioned to continue on this upward trajectory. Investors can expect more encouragement as the company solidifies its financial strength and continues to expand its footprint.
Financial Health and Performance
Stock Yards Bancorp's growth metrics underscore a robust financial performance, reflecting both resilience and the ability to capitalize on market opportunities. With a focus on sustainable practices and client-centered services, the company is not only meeting market demands but is also proactively addressing the evolving needs of its customers.
Future Outlook
The future looks bright for Stock Yards Bancorp. As it continues to grow dividends and enhance shareholder value, there is a collective optimism among stakeholders about the company's prospects. The management team remains committed to maintaining a strong financial position, which is pivotal for sustained growth and community investment.
Contact Information
For additional details regarding this announcement or further inquiries, you can reach out to T. Clay Stinnett, the Executive Vice President, Treasurer, and Chief Financial Officer, at (502) 625-0890. The company remains accessible and committed to transparency for its shareholders and community.
Frequently Asked Questions
What is the new dividend amount per share for Stock Yards Bancorp?
The new quarterly cash dividend amount is $0.32 per common share.
When will the new dividend be paid?
The dividend will be paid on October 1, 2025, to stockholders of record as of September 15, 2025.
How many times has Stock Yards Bancorp increased its dividend?
Stock Yards Bancorp has raised its quarterly dividend rate a total of 18 times since 2011.
What is the ticker symbol for Stock Yards Bancorp?
The ticker symbol for Stock Yards Bancorp is SYBT.
What is the company’s asset size?
Stock Yards Bancorp has approximately $9.21 billion in assets.
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