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

(Neutral)

Rhea-AI Summary

Stock Yards Bancorp, Inc. (NASDAQ: SYBT) announced a quarterly cash dividend of $0.29 per common share, set for payment on December 30, 2022. This dividend will benefit stockholders on record as of December 19, 2022. The company, based in Louisville, Kentucky, boasts assets totaling $7.55 billion and operates primarily in the Kentucky and Indiana markets, with its shares traded on NASDAQ.

Positive

Declared quarterly cash dividend of $0.29 per share.
Dividend payment shows company's confidence in financial health.

Negative

None.

News Market Reaction – SYBT

-0.61%

-0.61% Session move

In the trading session that priced this news, SYBT declined 0.61%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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11/16/2022 - 07:30 AM

LOUISVILLE, Ky., Nov. 16, 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 $0.29 per common share. The dividend will be paid on December 30, 2022, to stockholders of record as of December 19, 2022.

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $7.55 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 for SYBT in 2022?

The dividend amount for Stock Yards Bancorp (SYBT) in 2022 is $0.29 per common share.

When will the SYBT dividend be paid?

The SYBT dividend will be paid on December 30, 2022.

What is the record date for the SYBT dividend?

The record date for the SYBT dividend is December 19, 2022.