Stock Yards Declares Quarterly Cash Dividend of $0.28 Per Common Share

Rhea-AI Summary

Stock Yards Bancorp, Inc. (SYBT) has declared a quarterly cash dividend of $0.28 per common share, scheduled for payment on December 31, 2021. This dividend will benefit stockholders of record as of December 20, 2021. With assets totaling $6.2 billion, Stock Yards Bancorp operates in various regions, including Kentucky and parts of Indiana and Ohio. Founded in 1904, its parent company engages in banking and trust services.

Positive

• Quarterly cash dividend of $0.28 signals ongoing profitability and shareholder returns.
• Assets amounting to $6.2 billion indicate a stable financial position.

Negative

• None.

News Market Reaction – SYBT

-0.46%

1 alert

-0.46% News Effect

On the day this news was published, SYBT declined 0.46%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOUISVILLE, Ky., Nov. 17, 2021 (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 will be paid on December 31, 2021, to stockholders of record as of December 20, 2021.

Louisville, Kentucky-based Stock Yards Bancorp, Inc. with $6.2 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 Global Select Market under the symbol SYBT. For more information about Stock Yards, visit the Company’s website.

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 December 31, 2021.

What is the record date for the dividend of Stock Yards Bancorp (SYBT)?

The record date for the dividend is December 20, 2021.

How large are the assets of Stock Yards Bancorp (SYBT)?

Stock Yards Bancorp has total assets of $6.2 billion.

In which markets does Stock Yards Bancorp (SYBT) operate?

Stock Yards Bancorp operates in Kentucky, Indiana, and Ohio.