Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.30 Per Common Share

Rhea-AI Summary

Stock Yards Bancorp (NASDAQ: SYBT) has declared a quarterly cash dividend of $0.30 per common share, consistent with the previous quarter. The dividend will be paid on July 1, 2024, to shareholders of record as of June 17, 2024. Stock Yards Bancorp, headquartered in Louisville, Kentucky, operates in several regions including central, eastern, and northern Kentucky, as well as Indianapolis, Indiana, and Cincinnati, Ohio. The company, incorporated in 1988, manages $8.12 billion in assets and is the parent company of Stock Yards Bank & Trust Company, established in 1904.

Positive

• Declaration of a $0.30 quarterly cash dividend per common share, maintaining consistency with previous quarters.
• Dividend payment date set for July 1, 2024, indicating a reliable income stream for investors.
• Record date for shareholders is June 17, 2024, providing a clear timeline for potential investors.
• Stock Yards Bancorp manages $8.12 billion in assets, showcasing substantial financial strength.
• Operates in multiple markets including Kentucky, Indiana, and Ohio, indicating a broad geographical footprint.

Negative

• No increase in the dividend amount compared to the previous quarter, potentially disappointing growth-focused investors.

LOUISVILLE, Ky., May 22, 2024 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per common share. The dividend, which has been maintained at the prior quarter amount, will be paid on July 1, 2024, to stockholders of record as of June 17, 2024.

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $8.12 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 declared by Stock Yards Bancorp for Q2 2024?

Stock Yards Bancorp declared a quarterly cash dividend of $0.30 per common share for Q2 2024.

When will Stock Yards Bancorp pay the Q2 2024 dividend?

The Q2 2024 dividend will be paid on July 1, 2024.

What is the record date for Stock Yards Bancorp's Q2 2024 dividend?

The record date for the Q2 2024 dividend is June 17, 2024.

What is the stock symbol for Stock Yards Bancorp?

The stock symbol for Stock Yards Bancorp is SYBT.

How much are the assets managed by Stock Yards Bancorp?

Stock Yards Bancorp manages $8.12 billion in assets.