Stock Yards Bancorp Increases Quarterly Cash Dividend to $0.28 Per Common Share
August 18 2021 - 7:30AM
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock
Yards Bank & Trust Company, with offices in the Louisville,
central, eastern and northern Kentucky, as well as the
Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets,
announced that its Board of Directors increased its cash dividend
to $0.28 per common share. The dividend will be paid on October 1,
2021, to stockholders of record as of September 20, 2021.
Commenting on the announcement, James A. (Ja)
Hillebrand, Chairman and Chief Executive Officer, said, “On the
heels of our completed Kentucky Bancshares acquisition and newly
announced Commonwealth Bancshares acquisition, we are pleased to
increase our cash dividend rate as part of our continued efforts to
maximize returns for our shareholders. With this announcement,
Stock Yards Bancorp has now raised its quarterly dividend rate a
total of 14 times since 2012, resulting in a cumulative increase of
110% over that time. The increased dividend highlights our
Company’s strong performance, our solid capital position and the
attractive growth opportunities we see ahead.”
Louisville, Kentucky-based Stock Yards Bancorp,
Inc. with $6.1 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 Global Select Market under the
symbol SYBT. For more information about Stock Yards, visit the
Company’s website.
Contact: |
T. Clay
Stinnett |
|
Executive Vice President, Treasurer |
|
and Chief Financial Officer |
|
(502) 625-0890 |
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