First Business Declares Quarterly Cash Dividend

Rhea-AI Summary

First Business Financial Services, Inc. (Nasdaq: FBIZ) announced a quarterly cash dividend of $0.18 per share, yielding 2.66% based on a market close price of $27.07 on Thursday. This dividend matches the amount declared in April 2021 and represents an 18.9% payout ratio from the second quarter 2021 earnings. The dividend is payable on August 19, 2021 to shareholders of record by August 9, 2021.

First Business is the parent of First Business Bank, focusing on Business Banking and specialized lending services.

Positive

• Declared a cash dividend of $0.18 per share.
• Achieved a 2.66% dividend yield.
• Maintained an 18.9% dividend payout ratio.

Negative

• None.

First Business Financial Services, Inc. (“First Business”) (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.18 per share which is equivalent to a dividend yield of 2.66% based on Thursday’s market close price of $27.07. The quarterly dividend is the same as the quarterly dividend declared in April 2021, and, based on our second quarter 2021 earnings per share, represents a dividend payout ratio of 18.9%. This regular cash dividend is payable on August 19, 2021 to shareholders of record at the close of business on August 9, 2021.

About First Business Financial Services, Inc.

First Business Financial Services, Inc., (Nasdaq: FBIZ) is the parent company of First Business Bank. First Business Bank specializes in Business Banking, including Commercial Banking and Specialized Lending, Private Wealth, and Bank Consulting services, and through its refined focus, delivers unmatched expertise, accessibility, and responsiveness. Specialized Lending solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC. 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 2020 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/20210730005419/en/

FAQ

What is the dividend amount for FBIZ in August 2021?

The dividend amount for FBIZ in August 2021 is $0.18 per share.

When is the dividend payable for First Business Financial Services?

The dividend is payable on August 19, 2021.

What was the dividend yield based on Thursday's market price for FBIZ?

The dividend yield was 2.66% based on the market close price of $27.07.

What is the payout ratio for FBIZ's quarterly dividend?

The payout ratio for FBIZ's quarterly dividend is 18.9%.