Stock Yards Bancorp Raises Quarterly Cash Dividend
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), the parent company of Stock Yards Bank & Trust Company, has announced an increase in its cash dividend to $0.31 per common share. This decision reflects the company’s robust performance and aims to further enhance shareholder value.
Dedication to Shareholder Value
James A. (Ja) Hillebrand, Chairman and Chief Executive Officer, noted that the company’s consistent profitability and strong capital position enable them to sustainably raise dividends. This latest increase marks the 17th since 2011, resulting in an impressive cumulative growth of 158% over this time frame.
Company Overview
Founded in 1988 and headquartered in Louisville, Stock Yards Bancorp currently manages assets totaling $8.32 billion. The company operates through Stock Yards Bank & Trust Company, which has been dedicated to serving its customers since 1904. Stock Yards Bancorp is committed to delivering outstanding financial services across various markets.
Trading Details
The common shares of Stock Yards Bancorp are traded on The Nasdaq Stock Market under the ticker symbol “SYBT.” This public listing underscores their commitment to transparency and accountability to their shareholders.
Contact Information
For further inquiries about the company, please reach out to:
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.