Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.29 per Common Share

Rhea-AI Summary

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has declared a quarterly cash dividend of $0.29 per common share. This dividend is scheduled for payment on April 3, 2023, to shareholders on record as of March 20, 2023. Based in Louisville, Kentucky, Stock Yards Bancorp has $7.50 billion in assets and operates primarily through its subsidiary, Stock Yards Bank & Trust Company, established in 1904. The company plays a significant role in the banking markets of Kentucky, Indianapolis, and Cincinnati.

Positive

• Quarterly cash dividend of $0.29 per share enhances shareholder income.
• Company's strong asset base of $7.50 billion reflects financial stability.

Negative

• None.

News Market Reaction – SYBT

-0.51%

1 alert

-0.51% News Effect

On the day this news was published, SYBT declined 0.51%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOUISVILLE, Ky., Feb. 22, 2023 (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 $0.29 per common share. The dividend will be paid on April 3, 2023, to stockholders of record as of March 20, 2023.

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $7.50 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 SYBT?

The dividend amount declared by Stock Yards Bancorp (SYBT) is $0.29 per common share.

When will the dividend be paid to shareholders of SYBT?

The dividend will be paid on April 3, 2023.

What is the record date for SYBT's dividend?

The record date for the dividend is March 20, 2023.

How does Stock Yards Bancorp's asset size affect its dividend policy?

With $7.50 billion in assets, Stock Yards Bancorp demonstrates financial strength, supporting its ability to pay dividends.