Stock Yards Bancorp Increases Quarterly Cash Dividend to $0.30 Per Common Share
16 Agosto 2023 - 8:30AM
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 $0.30 per common share. The dividend will be paid on October 2,
2023, to stockholders of record as of September 18, 2023.
Commenting on the announcement, James A. (Ja)
Hillebrand, Chairman and Chief Executive Officer, said, “Solid
franchise growth contributes to our ability to steadily increase
dividends and to further build shareholder value. With this
announcement, Stock Yards Bancorp has now raised its quarterly
dividend rate a total of 16 times since 2012, resulting in a
cumulative increase of 125% over that time. The increased cash
dividend highlights our continued growth and strong capital
position.”
Louisville, Kentucky-based Stock Yards Bancorp,
Inc., with $7.73 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.
Contact: T. Clay
StinnettExecutive Vice President, Treasurer and Chief Financial
Officer(502) 625-0890
Stock Yards Bancorp (NASDAQ:SYBT)
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