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Community Trust Bancorp, Inc. Increases Its Cash Dividend

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Community Trust Bancorp (NASDAQ: CTBI) has announced a 2.2% increase in its quarterly cash dividend to $0.47 per share. This marks the 44th consecutive year of dividend increases for the company. The new dividend will be payable on October 1, 2024, to shareholders of record as of September 15, 2024.

Chairman, President, and CEO Mark A. Gooch expressed satisfaction with the company's ability to consistently increase shareholder returns. CTBI, headquartered in Pikeville, Kentucky, boasts assets of $5.8 billion and operates 72 banking locations across Kentucky, 6 in West Virginia, and 3 in Tennessee. The company also maintains 5 trust offices across Kentucky and Tennessee.

Community Trust Bancorp (NASDAQ: CTBI) ha annunciato un incremento del 2,2% nel suo dividendo trimestrale in contante, portandolo a $0,47 per azione. Questo rappresenta il 44° anno consecutivo di aumenti del dividendo per l'azienda. Il nuovo dividendo sarà pagabile il 1 ottobre 2024, agli azionisti registrati al 15 settembre 2024.

Il presidente, CEO e chairman Mark A. Gooch ha espresso soddisfazione per la capacità dell'azienda di aumentare costantemente i ritorni per gli azionisti. CTBI, con sede a Pikeville, Kentucky, vanta attivi per 5,8 miliardi di dollari e gestisce 72 filiali bancarie in Kentucky, 6 in Virginia Occidentale, e 3 in Tennessee. L’azienda mantiene anche 5 uffici fiduciari in Kentucky e Tennessee.

Community Trust Bancorp (NASDAQ: CTBI) ha anunciado un incremento del 2.2% en su dividendo en efectivo trimestral, llevándolo a $0.47 por acción. Esto marca el 44º año consecutivo de aumentos de dividendos para la compañía. El nuevo dividendo se pagará el 1 de octubre de 2024, a los accionistas registrados al 15 de septiembre de 2024.

El presidente y CEO Mark A. Gooch expresó su satisfacción con la capacidad de la empresa para aumentar constantemente los retornos para los accionistas. CTBI, con sede en Pikeville, Kentucky, cuenta con activos de 5.8 mil millones de dólares y opera 72 ubicaciones bancarias en Kentucky, 6 en Virginia Occidental y 3 en Tennessee. La empresa también mantiene 5 oficinas fiduciarias en Kentucky y Tennessee.

커뮤니티 트러스트 뱅코프 (NASDAQ: CTBI)는 분기 현금 배당금을 2.2% 인상하여 주당 $0.47로 결정했다고 발표했습니다. 이는 회사의 44년 연속 배당금 인상을 의미합니다. 새로운 배당금은 2024년 10월 1일에 지급되며, 2024년 9월 15일 기준의 주주에게 지급됩니다.

회장 겸 CEO인 Mark A. Gooch는 주주 수익을 지속적으로 증가시키는 회사의 능력에 대해 만족감을 나타냈습니다. CTBI는 켄터키주 파이크빌에 본사를 두고 있으며, 58억 달러의 자산을 보유하고 있고 켄터키주에 72개 은행 지점서부 버지니아주에 6개, 테네시주에 3개의 지점을 운영하고 있습니다. 또한 켄터키주와 테네시주에 5개의 신탁 사무소를 유지하고 있습니다.

Community Trust Bancorp (NASDAQ: CTBI) a annoncé une augmentation de 2,2% de son dividende en espèces trimestriel, le portant à 0,47 $ par action. Cela marque la 44e année consécutive d'augmentations de dividende pour l'entreprise. Le nouveau dividende sera payable le 1er octobre 2024, aux actionnaires enregistrés au 15 septembre 2024.

Le président et PDG Mark A. Gooch a exprimé sa satisfaction quant à la capacité de l'entreprise à accroître de manière constante les rendements pour les actionnaires. CTBI, dont le siège est à Pikeville, Kentucky, possède des actifs de 5,8 milliards de dollars et exploite 72 agences bancaires à travers le Kentucky, 6 en Virginie-Occidentale et 3 dans le Tennessee. L'entreprise maintient également 5 bureaux de fiducie au Kentucky et au Tennessee.

Community Trust Bancorp (NASDAQ: CTBI) hat eine Erhöhung um 2,2% seiner vierteljährlichen Barausschüttung auf 0,47 $ pro Aktie bekannt gegeben. Dies markiert das 44. Jahr in Folge mit Dividendenerhöhungen für das Unternehmen. Die neue Dividende wird am 1. Oktober 2024 an die Aktionäre ausgezahlt, die am 15. September 2024 im Aktienregister stehen.

Mark A. Gooch, Vorsitzender, Präsident und CEO, äußerte sich zufrieden über die Fähigkeit des Unternehmens, die Renditen für die Aktionäre kontinuierlich zu steigern. CTBI, mit Hauptsitz in Pikeville, Kentucky, verfügt über Vermögenswerte von 5,8 Milliarden $ und betreibt 72 Bankstandorte in Kentucky, 6 in West Virginia und 3 in Tennessee. Das Unternehmen unterhält auch 5 Treuhandbüros in Kentucky und Tennessee.

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PIKEVILLE, Ky.--(BUSINESS WIRE)-- On July 23, 2024, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) increased its quarterly cash dividend to $0.47 per share beginning with the October 1, 2024 payment to shareholders of record on September 15, 2024. This represents an increase of 2.2% in the quarterly cash dividend. “We are pleased to have increased the cash dividend to our shareholders for the 44th consecutive year," said Mark A. Gooch, Chairman, President, and CEO.

Community Trust Bancorp, Inc., with assets of $5.8 billion, is headquartered in Pikeville, Kentucky and has 72 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.

Mark A. Gooch, Chairman, President, and CEO

Community Trust Bancorp, Inc.

(606) 437-3229

Source: Community Trust Bancorp, Inc.

FAQ

What is the new quarterly dividend for Community Trust Bancorp (CTBI) stock?

Community Trust Bancorp (CTBI) has increased its quarterly cash dividend to $0.47 per share, effective from the October 1, 2024 payment.

When will CTBI pay its next dividend?

CTBI will pay its next dividend on October 1, 2024, to shareholders of record as of September 15, 2024.

How much has Community Trust Bancorp increased its dividend?

Community Trust Bancorp has increased its quarterly cash dividend by 2.2%.

For how many consecutive years has CTBI increased its dividend?

CTBI has increased its cash dividend to shareholders for 44 consecutive years.

What are the total assets of Community Trust Bancorp as of July 2024?

As of July 2024, Community Trust Bancorp has assets of $5.8 billion.

How many banking locations does CTBI operate?

CTBI operates 72 banking locations in Kentucky, 6 in West Virginia, and 3 in Tennessee, for a total of 81 banking locations.

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