First Business Bank Declares Quarterly Cash Dividends
October 30 2023 - 8:30AM
Business Wire
First Business Financial Services, Inc. (the “Company” or “First
Business Bank”) (Nasdaq: FBIZ) announced its Board of Directors has
declared a quarterly cash dividend on its common stock of $0.2275
per share which is equivalent to a dividend yield of 3.07% based on
Friday's market close price of $29.60. The quarterly dividend is
the same as the quarterly dividend declared in July 2023, and based
on third quarter 2023 earnings per share, represents a dividend
payout ratio of 19%. This regular cash dividend is payable on
November 16 2023, to shareholders of record at the close of
business on November 6, 2023. The board of directors also declared
a dividend on the Company’s 7% Series A Preferred Stock of $17.50
per share, payable on December 15, 2023, to shareholders of record
on November 30, 2023.
About First Business Bank
First Business Bank® specializes in Business Banking, including
Commercial Banking and Specialty Finance, Private Wealth, and Bank
Consulting services, and through its refined focus delivers
unmatched expertise, accessibility, and responsiveness. Specialty
Finance solutions are delivered through First Business Bank’s
wholly owned subsidiary First Business Specialty Finance, LLC®.
First Business Bank is a wholly owned subsidiary of First Business
Financial Services, Inc.® (Nasdaq: FBIZ). For additional
information, visit firstbusiness.bank.
This press release includes “forward-looking” statements related
to First Business Financial Services, Inc. that can generally be
identified as describing the Company’s future plans, objectives or
goals. Such forward-looking statements are subject to risks and
uncertainties that could cause actual results or outcomes to differ
materially from those currently anticipated. These forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. For further
information about the factors that could affect the Company’s
future results, please see the Company’s 2022 annual report on Form
10-K, quarterly reports on Form 10-Q and other filings with the
Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20231027859995/en/
Brian D. Spielmann Chief Financial Officer First Business
Financial Services, Inc. 608-232-5970
bspielmann@firstbusiness.bank
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