Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.27 Per Common Share
May 20 2020 - 7:30AM
Business Wire
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of
Stock Yards Bank & Trust Company, with offices in the
Louisville, Indianapolis and Cincinnati metropolitan markets, today
announced that its Board of Directors has declared a quarterly cash
dividend of $0.27 per common share. The dividend, which continues
the higher rate set by the Board in November 2019, will be paid on
July 1, 2020, to stockholders of record as of June 15, 2020.
Commenting on the announcement, Chief Executive Officer James A.
(Ja) Hillebrand said, “In these challenging economic times, the
strength of the Company’s balance sheet and financial performance
gives our Board of Directors the confidence to maintain our
dividend at the same rate. We continue to monitor economic activity
and will evaluate future dividend increases at the appropriate
time.”
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $3.8
billion in assets, was incorporated in 1988 as a bank holding
company. It is the parent company of Stock Yards Bank & Trust
Company, which was established in 1904. The Company’s common shares
trade on The NASDAQ Stock Market under the symbol “SYBT.” For more
information about Stock Yards Bancorp, visit the Company’s website
at www.syb.com.
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T. Clay Stinnett Executive Vice President, Treasurer and Chief
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Stock Yards Bancorp (NASDAQ:SYBT)
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