Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.28 per Common Share

Rhea-AI Summary

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has declared a quarterly cash dividend of $0.28 per common share, maintaining the previous quarter's amount. The dividend will be paid on July 1, 2022, to stockholders of record by June 20, 2022. With assets totaling $7.78 billion, Stock Yards Bancorp operates primarily in Kentucky and parts of Indiana and Ohio. The company was established in 1988 and is the parent of Stock Yards Bank & Trust Company, founded in 1904.

Positive

• Quarterly cash dividend maintained at $0.28 per share.
• Dividend payout date is July 1, 2022, demonstrating consistent shareholder returns.

Negative

• None.

News Market Reaction – SYBT

-0.28%

-0.28% Session move

In the trading session that priced this news, SYBT declined 0.28%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LOUISVILLE, Ky., May 18, 2022 (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 has declared a quarterly cash dividend of $0.28 per common share. The dividend, which has been maintained at the prior quarter amount, will be paid on July 1, 2022, to stockholders of record as of June 20, 2022.

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $7.78 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 declared by Stock Yards Bancorp (SYBT)?

Stock Yards Bancorp has declared a dividend of $0.28 per common share.

When will the dividend for SYBT be paid?

The dividend will be paid on July 1, 2022.

What is the record date for the dividend payment of SYBT?

The record date for the dividend payment is June 20, 2022.

How does the dividend amount compare to previous quarters for SYBT?

The dividend amount of $0.28 has been maintained from the prior quarter.