First Business Bank Announces 16% Increase in Quarterly Common Stock Dividend
First Business Financial Services (FBIZ) has announced a 16% increase in its quarterly common stock dividend to $0.29 per share, representing a dividend yield of 22% based on Friday's closing price of $51.66. This marks the company's 13th consecutive annual dividend raise, with a dividend payout ratio of 17% based on Q4 2024 earnings per share.
The dividend will be payable on February 28, 2025, to shareholders of record as of February 14, 2025. Additionally, the company declared a dividend of $17.50 per share on its 7% Series A Preferred Stock, payable on March 17, 2025, to shareholders of record on February 28, 2025.
First Business Financial Services (FBIZ) ha annunciato un incremento del 16% nel suo dividendo trimestrale sulle azioni ordinarie, portandolo a $0,29 per azione, il che equivale a un rendimento da dividendo del 22% basato sul prezzo di chiusura di venerdì, pari a $51,66. Questo segna il 13° aumento annuale consecutivo del dividendo, con un rapporto di distribuzione del dividendo del 17% basato sugli utili per azione del quarto trimestre 2024.
Il dividendo sarà pagabile il 28 febbraio 2025, agli azionisti registrati al 14 febbraio 2025. Inoltre, la società ha dichiarato un dividendo di $17,50 per azione sulla sua azione privilegiata di Serie A al 7%, pagabile il 17 marzo 2025, agli azionisti registrati al 28 febbraio 2025.
First Business Financial Services (FBIZ) ha anunciado un aumento del 16% en su dividendo trimestral de acciones ordinarias, elevándolo a $0,29 por acción, lo que representa un rendimiento por dividendo del 22% basado en el precio de cierre del viernes de $51,66. Esto marca el 13º aumento anual consecutivo del dividendo, con una relación de pago de dividendos del 17% basada en las ganancias por acción del cuarto trimestre de 2024.
El dividendo será pagadero el 28 de febrero de 2025, a los accionistas que estén registrados al 14 de febrero de 2025. Además, la compañía declaró un dividendo de $17,50 por acción sobre su acción preferente de serie A al 7%, pagadero el 17 de marzo de 2025, a los accionistas que estén registrados el 28 de febrero de 2025.
퍼스트 비즈니스 파이낸셜 서비스 (FBIZ)는 분기 보통주 배당금을 $0.29 per share로 16% 인상한다고 발표했습니다. 이는 금요일 종가인 $51.66 기준으로 22%의 배당 수익률을 나타냅니다. 이는 회사의 13년 연속 연간 배당금 인상을 의미하며, 2024년 4분기 주당 순이익 기준으로 17%의 배당금 지급 비율을 갖습니다.
배당금은 2025년 2월 28일에 지급되며, 2025년 2월 14일 기준 주주에게 지급됩니다. 추가로, 회사는 7% 시리즈 A 우선주에 대해 주당 $17.50의 배당금을 선언했으며, 이는 2025년 3월 17일에 지급되며 2025년 2월 28일 기준의 주주에게 지급됩니다.
First Business Financial Services (FBIZ) a annoncé une augmentation de 16 % de son dividende trimestriel sur actions ordinaires, le portant à $0,29 par action, ce qui représente un rendement de dividende de 22 % basé sur le prix de clôture de vendredi à $51,66. Cela marque la 13e augmentation annuelle consécutive du dividende, avec un ratio de distribution du dividende de 17 % basé sur les bénéfices par action du quatrième trimestre 2024.
Le dividende sera payable le 28 février 2025, aux actionnaires inscrits au 14 février 2025. De plus, la société a déclaré un dividende de $17,50 par action sur ses actions privilégiées de série A à 7 %, payable le 17 mars 2025, aux actionnaires inscrits au 28 février 2025.
First Business Financial Services (FBIZ) hat eine Erhöhung der vierteljährlichen Dividende für Stammaktien um 16% auf $0,29 pro Aktie bekannt gegeben, was einer Dividendenrendite von 22% basierend auf dem Schlusskurs am Freitag von $51,66 entspricht. Dies stellt die 13. jährliche Dividendenanhebung in Folge dar, mit einer Ausschüttungsquote von 17% basierend auf dem Ergebnis pro Aktie für das vierte Quartal 2024.
Die Dividende wird am 28. Februar 2025 an die Aktionäre, die am 14. Februar 2025 im Aktienregister stehen, ausgezahlt. Darüber hinaus hat das Unternehmen eine Dividende von $17,50 pro Aktie für seine 7% Serie A Vorzugsaktien erklärt, die am 17. März 2025 an die Aktionäre ausgezahlt wird, die am 28. Februar 2025 im Aktienregister stehen.
- 16% increase in quarterly dividend to $0.29 per share
- High dividend yield of 22% at current market price
- 13 consecutive years of dividend increases
- Conservative dividend payout ratio of 17%
- None.
The board of directors also declared a dividend on the Company’s
About First Business Bank
First Business Bank specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting Services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank.
This press release includes “forward-looking” statements related to First Business Financial Services, Inc. that can generally be identified as describing the Company’s future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company’s future results, please see the Company’s 2022 annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250202071134/en/
Brian D. Spielmann
Chief Financial Officer
First Business Financial Services, Inc.
608-232-5970
bspielmann@firstbusiness.bank
Source: First Business Financial Services, Inc.
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