Community Trust Bancorp, Inc. Increases Its Cash Dividend

Rhea-AI Summary

On July 27, 2021, Community Trust Bancorp (NASDAQ: CTBI) announced a quarterly cash dividend increase to $0.40 per share, effective October 1, 2021, for shareholders of record by September 15, 2021. This marks a 3.90% increase and the 41st consecutive year of dividend growth, highlighting the company's commitment to returning value to investors. Community Trust Bancorp manages assets totaling $5.5 billion and operates 70 banking locations across multiple states.

Positive

• Quarterly cash dividend increased to $0.40 per share.
• 3.90% rise in dividend signifies strong financial performance.
• 41 consecutive years of dividend increases demonstrates commitment to shareholders.

Negative

• None.

On July 27, 2021, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) increased its quarterly cash dividend to $0.40 per share beginning with the October 1, 2021 payment to shareholders of record on September 15, 2021. This represents an increase of 3.90% in the quarterly cash dividend. “We are pleased to have increased the cash dividend to our shareholders for the 41st consecutive year," said Jean R. Hale, Chairman, President and CEO.

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/20210728005262/en/