Stock Yards Bancorp Announces $0.31 Dividend Payment This Quarter
Stock Yards Bancorp Declares Quarterly Dividend
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), headquartered in Louisville, has recently declared a quarterly cash dividend of $0.31 per common share. This decision reflects the company's ongoing commitment to providing value to its shareholders. The dividend is set to be distributed on December 31 to all stockholders on record as of December 16.
Overview of Stock Yards Bancorp
Stock Yards Bancorp has a rich history and significant footprint in the banking industry. Established in 1988 as a bank holding company, it is the parent organization of Stock Yards Bank & Trust Company, which was founded in 1904. With approximately $8.44 billion in assets, the company stands strong in the financial sector, delivering essential banking services to customers in its operational regions.
Commitment to Shareholder Value
The declaration of a cash dividend exemplifies Stock Yards Bancorp's dedication to enhancing shareholder value. By returning profits to shareholders regularly, the company not only rewards them but also strengthens their confidence in its financial health. This action signifies a positive outlook and stability amidst challenging economic conditions.
Contact Information
For further inquiries regarding this announcement, interested parties can reach out to:
T. Clay Stinnett
Executive Vice President, Treasurer and Chief Financial Officer
(502) 625-0890
Stock Performance and Market Outlook
Stock Yards Bancorp trades on the NASDAQ under the ticker symbol SYBT. Investors looking for stable and reliable banking institutions may find Stock Yards Bancorp to be a strong candidate, particularly in today's fluctuating market. The consistent dividend payments can attract a variety of investors who seek dividend income along with capital appreciation.
Future Growth Prospects
As the financial landscape evolves, Stock Yards Bancorp remains focused on growth and innovation. The company continues to explore opportunities for expansion within its existing markets and beyond. Anticipated advancements in technology and customer service are likely to enhance the overall banking experience for clients.
Frequently Asked Questions
What is Stock Yards Bancorp's recent dividend declaration?
Stock Yards Bancorp has declared a quarterly cash dividend of $0.31 per common share, demonstrating its commitment to shareholder value.
When will the dividend be paid?
The declared dividend will be paid on December 31 to shareholders on record as of December 16.
What is the history of Stock Yards Bancorp?
Founded in 1988, Stock Yards Bancorp is the parent company of Stock Yards Bank & Trust Company, which was established in 1904, making it a well-regarded institution in the banking sector.
How can I contact Stock Yards Bancorp for more information?
For inquiries, contact T. Clay Stinnett, Executive Vice President, Treasurer and Chief Financial Officer at (502) 625-0890.
Where does Stock Yards Bancorp operate?
Stock Yards Bancorp operates in Louisville and other metropolitan areas in Kentucky, Indiana, and Ohio, providing banking services to a diverse client base.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.