Limestone Bancorp, Inc. Declares First Quarter Cash Dividend of $0.05 Per Common Share

Rhea-AI Summary

Limestone Bancorp has declared a cash dividend of $0.05 per common share, payable on April 1, 2022, to shareholders of record by March 17, 2022. The company's President and CEO, John T. Taylor, highlighted a strong capital position and earnings as the basis for this quarterly dividend, affirming a commitment to return profits to shareholders. Limestone Bancorp operates with $1.4 billion in assets and serves various counties in Kentucky through its wholly-owned subsidiary, Limestone Bank.

Positive

• Dividend of $0.05 per share indicates profitability and commitment to shareholders.

Negative

• None.

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Limestone Bancorp, Inc. (NASDAQ: LMST) (the “Company”), parent company of Limestone Bank, announced today that its Board of Directors declared a cash dividend of $0.05 per common share. The dividend will be paid on April 1, 2022, to shareholders of record as of March 17, 2022.

John T. Taylor, President and CEO noted, “Given the Company’s solid capital position and earnings levels, we are pleased to institute a quarterly common share dividend which represents a return of profits to our loyal shareholders.”

Limestone Bancorp, Inc. is a Louisville, Kentucky-based bank holding company with $1.4 billion in assets. It operates banking centers in 14 counties through its wholly-owned subsidiary Limestone Bank. The Bank’s markets include metropolitan Louisville in Jefferson County and the surrounding counties of Bullitt and Henry and extend south along the Interstate 65 corridor. The Bank serves south central, southern, and western Kentucky from banking centers in Barren, Butler, Daviess, Edmonson, Green, Hardin, Hart, Ohio, and Warren counties. The Bank also has banking centers in Lexington, Kentucky, the second largest city in the state, and Frankfort, Kentucky, the state capital. Limestone Bank is a traditional community bank with a wide range of personal and business banking products and services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006251/en/

John T. Taylor

Chief Executive Officer

(502) 499-4800

Source: Limestone Bancorp, Inc.

FAQ

What is the dividend amount declared by Limestone Bancorp (LMST)?

Limestone Bancorp declared a dividend of $0.05 per common share.

When will the dividend be paid to shareholders of Limestone Bancorp (LMST)?

The dividend will be paid on April 1, 2022.

What is the record date for the dividend of Limestone Bancorp (LMST)?

The record date for the dividend is March 17, 2022.

How does the dividend reflect Limestone Bancorp's financial health?

The declared dividend reflects a solid capital position and earnings levels, evidencing a commitment to return profits to shareholders.