First Business Declares Quarterly Cash Dividend

Rhea-AI Summary

First Business Financial Services, Inc. (Nasdaq: FBIZ) has announced a quarterly cash dividend of $0.18 per share, yielding 2.86% based on the market close price of $25.16. This dividend matches the amount declared in January 2021, with a payout ratio of 16% based on Q1 2021 earnings per share. The dividend is payable on May 24, 2021, to shareholders of record as of May 10, 2021.

Positive

• Quarterly cash dividend of $0.18 per share announced.
• Dividend yield of 2.86% reflects shareholder income.
• Payout ratio of 16% indicates a sustainable dividend policy.

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 2.86% based on Thursday’s market close price of $25.16. The quarterly dividend is the same as the quarterly dividend declared in January 2021, and, based on our first quarter 2021 earnings per share, represents a dividend payout ratio of 16%. This regular cash dividend is payable on May 24, 2021 to shareholders of record at the close of business on May 10, 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 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. 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/20210430005490/en/

FAQ

What is the dividend amount declared by FBIZ?

First Business Financial Services, Inc. has declared a dividend of $0.18 per share.

When is the dividend payable for FBIZ?

The dividend is payable on May 24, 2021.

What is the dividend yield of FBIZ?

The dividend yield is 2.86% based on the current market close price.

What is the payout ratio for FBIZ's dividend?

The payout ratio for the declared dividend is 16% based on Q1 2021 earnings.

When is the record date for FBIZ's dividend?

The record date for the dividend is May 10, 2021.