Community Trust Bancorp, Inc. Declares Its Cash Dividend

Rhea-AI Summary

On April 25, 2023, Community Trust Bancorp, Inc. (NASDAQ: CTBI) declared a cash dividend of $0.44 per share. This dividend will be paid on July 1, 2023, to shareholders on record as of June 15, 2023. The company, headquartered in Pikeville, Kentucky, has total assets of $5.5 billion and operates 70 banking locations across parts of Kentucky, West Virginia, and Tennessee. This announcement reflects the company’s commitment to returning value to shareholders amid its expanding operations in the region.

Positive

• Dividend of $0.44 per share reflects a commitment to shareholder returns.
• Strong asset base of $5.5 billion supports financial stability.

Negative

• None.

PIKEVILLE, Ky.--(BUSINESS WIRE)-- On April 25, 2023, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ-CTBI) declared its cash dividend of $0.44 per share, which will be paid on July 1, 2023, to shareholders of record on June 15, 2023.

Community Trust Bancorp, Inc., with assets of $5.5 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south-central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005879/en/

Mark A. Gooch

Vice Chairman, President and CEO

Community Trust Bancorp, Inc.

(606) 437-3229

Source: Community Trust Bancorp, Inc.

FAQ

What is the dividend amount declared by CTBI in April 2023?

CTBI declared a dividend of $0.44 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 1, 2023.

Who are the shareholders of record for the CTBI dividend?

Shareholders of record on June 15, 2023, will receive the dividend.

What is the financial position of Community Trust Bancorp?

Community Trust Bancorp has total assets of $5.5 billion.