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

Rhea-AI Summary

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has declared a quarterly cash dividend of $0.27 per share, consistent with the previous quarter. This dividend will be paid on April 1, 2021, to shareholders on record as of March 12, 2021. With total assets of $4.6 billion, Stock Yards Bancorp has been a significant player in the banking sector since its establishment. This announcement highlights the company’s commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend maintained at $0.27 per share, reflecting stable income for shareholders.
• Strong asset base of $4.6 billion, indicating financial stability and confidence.

Negative

• None.

News Market Reaction – SYBT

-0.43%

1 alert

-0.43% News Effect

On the day this news was published, SYBT declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOUISVILLE, Ky., Feb. 17, 2021 (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 April 1, 2021, to stockholders of record as of March 12, 2021.

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $4.6 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

When is the next dividend payment for SYBT?

The next dividend payment for SYBT is scheduled for April 1, 2021.

What is the amount of the quarterly dividend declared by Stock Yards Bancorp?

Stock Yards Bancorp has declared a quarterly cash dividend of $0.27 per common share.

What is the record date for the SYBT dividend payment?

The record date for the SYBT dividend payment is March 12, 2021.

How often does Stock Yards Bancorp pay dividends?

Stock Yards Bancorp pays dividends quarterly.

Is the dividend sustainable for Stock Yards Bancorp?

While the press release does not provide specific metrics for sustainability, maintaining the dividend indicates a level of confidence in ongoing cash flow.