Stock Yards Bancorp Increases Quarterly Cash Dividend to $0.31 Per Common Share
Stock Yards Bancorp (NASDAQ: SYBT) has announced an increase in its quarterly cash dividend to $0.31 per common share, payable on October 1, 2024, to stockholders of record as of September 16, 2024. This marks the company's 17th dividend increase since 2011, representing a cumulative rise of 158% over that period. CEO James A. Hillebrand attributes this to the company's strong profitability and solid capital position.
Stock Yards Bancorp, headquartered in Louisville, Kentucky, is the parent company of Stock Yards Bank & Trust Company. With $8.32 billion in assets, it operates in Louisville, central, eastern and northern Kentucky, as well as Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets.
Stock Yards Bancorp (NASDAQ: SYBT) ha annunciato un aumento del suo dividendo in contante trimestrale a 0,31 dollari per azione ordinaria, con pagamento previsto per il 1 ottobre 2024, ai soci registrati al 16 settembre 2024. Questo segna il 17° aumento del dividendo dall'2011, con un incremento cumulativo del 158% in quel periodo. Il CEO James A. Hillebrand attribuisce questo risultato alla forte redditività e alla solida posizione di capitale dell'azienda.
Stock Yards Bancorp, con sede a Louisville, Kentucky, è la società madre di Stock Yards Bank & Trust Company. Con 8,32 miliardi di dollari in attivo, opera a Louisville, nel Kentucky centrale, orientale e settentrionale, così come nei mercati metropolitani di Indianapolis, Indiana e Cincinnati, Ohio.
Stock Yards Bancorp (NASDAQ: SYBT) ha anunciado un incremento en su dividendo en efectivo trimestral a $0.31 por acción ordinaria, pagadero el 1 de octubre de 2024, a los accionistas registrados al 16 de septiembre de 2024. Esto marca el 17º aumento de dividendo desde 2011, lo que representa un aumento acumulativo del 158% en ese periodo. El CEO James A. Hillebrand atribuye esto a la fuerte rentabilidad y sólida posición de capital de la empresa.
Stock Yards Bancorp, con sede en Louisville, Kentucky, es la empresa matriz de Stock Yards Bank & Trust Company. Con $8.32 mil millones en activos, opera en Louisville, en el centro, este y norte de Kentucky, así como en los mercados metropolitanos de Indianápolis, Indiana y Cincinnati, Ohio.
Stock Yards Bancorp (NASDAQ: SYBT)는 분기마다 지급하는 현금 배당금을 주당 0.31달러로 인상한다고 발표했으며, 2024년 10월 1일에 2024년 9월 16일 기준 주주에게 지급될 예정입니다. 이는 2011년 이후 17번째 배당금 인상으로, 이 기간 동안 누적 158% 증가한 것입니다. CEO James A. Hillebrand는 이러한 성과를 강력한 수익성과 안정적인 자본 상태에 기인한다고 설명했습니다.
Stock Yards Bancorp는 켄터키주 루이빌에 본사를 두고 있으며, Stock Yards Bank & Trust Company의 모회사입니다. 83억 2000만 달러의 자산을 보유하고 있으며, 루이빌, 켄터키 중부, 동부 및 북부 지역과 인디애나폴리스, 인디애나 및 신시내티, 오하이오의 대도시 시장에서 운영됩니다.
Stock Yards Bancorp (NASDAQ: SYBT) a annoncé une augmentation de son dividende en espèces trimestriel à 0,31 $ par action ordinaire, payable le 1er octobre 2024, aux actionnaires enregistrés au 16 septembre 2024. Cela marque la 17e augmentation de dividende depuis 2011, représentant une augmentation cumulée de 158 % pendant cette période. Le PDG James A. Hillebrand attribue cela à la forte rentabilité et à la solide position en capital de l'entreprise.
Stock Yards Bancorp, dont le siège est à Louisville, Kentucky, est la société mère de Stock Yards Bank & Trust Company. Avec 8,32 milliards de dollars d'actifs, elle opère à Louisville, dans le Kentucky central, oriental et nord, ainsi que sur les marchés métropolitains d'Indianapolis, Indiana et de Cincinnati, Ohio.
Stock Yards Bancorp (NASDAQ: SYBT) hat eine Erhöhung seiner vierteljährlichen Bardividende auf 0,31 USD pro Stammaktie angekündigt, zahlbar am 1. Oktober 2024 an Aktionäre, die am 16. September 2024 registriert sind. Dies markiert die 17. Dividendensteigerung seit 2011, was einen kumulierten Anstieg von 158% in diesem Zeitraum bedeutet. CEO James A. Hillebrand führt dies auf die starke Rentabilität und solide Kapitalposition des Unternehmens zurück.
Stock Yards Bancorp hat ihren Sitz in Louisville, Kentucky, und ist die Muttergesellschaft der Stock Yards Bank & Trust Company. Mit 8,32 Milliarden USD an Vermögenswerten ist es in Louisville sowie in zentralen, östlichen und nördlichen Teilen von Kentucky sowie in den Metropolregionen Indianapolis, Indiana und Cincinnati, Ohio tätig.
- Increased quarterly cash dividend to $0.31 per common share
- 17th dividend increase since 2011, cumulative rise of 158%
- Strong and consistent profitability reported
- Solid capital position mentioned by CEO
- $8.32 billion in assets
- None.
LOUISVILLE, Ky., Aug. 21, 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, announced that its Board of Directors increased its cash dividend to
Commenting on the announcement, James A. (Ja) Hillebrand, Chairman and Chief Executive Officer, said, “Our strong and consistent profitability and solid capital position contributes to our ability to steadily increase dividends and to further build shareholder value. With this announcement, Stock Yards Bancorp has now raised its quarterly dividend rate a total of 17 times since 2011, resulting in a cumulative increase of
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with
| Contact: | T. Clay Stinnett |
| Executive Vice President, Treasurer | |
| and Chief Financial Officer | |
| (502) 625-0890 |
FAQ
When will Stock Yards Bancorp (SYBT) pay its newly announced dividend?
What is the record date for Stock Yards Bancorp's (SYBT) latest dividend?
How many times has Stock Yards Bancorp (SYBT) raised its dividend since 2011?
What is the cumulative increase in Stock Yards Bancorp's (SYBT) dividend since 2011?
What is the current asset value of Stock Yards Bancorp (SYBT)?
