Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.27 Per Common Share

Rhea-AI Summary

Stock Yards Bancorp (NASDAQ: SYBT) has announced a quarterly cash dividend of $0.27 per common share, consistent with the previous quarter. This dividend will be distributed on December 31, 2020, to stockholders on record as of December 21, 2020. With $4.4 billion in assets, Stock Yards Bancorp operates in the Louisville, Indianapolis, and Cincinnati markets, emphasizing stability in its dividend policy.

Positive

• Quarterly cash dividend maintained at $0.27 per share boosts shareholder income.
• Dividend payment scheduled for December 31, 2020, reflecting the company's consistent financial policy.

Negative

• None.

LOUISVILLE, Ky., Nov. 18, 2020 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per common share. The dividend, which has been maintained at the prior quarter amount, will be paid on December 31, 2020, to stockholders of record as of December 21, 2020.

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $4.4 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” For more information about Stock Yards Bancorp, visit the Company’s website at www.syb.com.

Contact:
T. Clay Stinnett
Executive Vice President, Treasurer
and Chief Financial Officer
(502) 625-0890

FAQ

What is the dividend amount for Stock Yards Bancorp (SYBT)?

The dividend amount declared is $0.27 per common share.

When will the dividend for Stock Yards Bancorp (SYBT) be paid?

The dividend will be paid on December 31, 2020.

What is the record date for the dividend payment of Stock Yards Bancorp (SYBT)?

The record date for the dividend payment is December 21, 2020.

How often does Stock Yards Bancorp (SYBT) pay dividends?

Stock Yards Bancorp pays dividends quarterly.