Stock Yards Bancorp Increases Quarterly Cash Dividend From $0.29 To $0.30 Per Common Share

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 increased its cash dividend to $0.30 per common share. The dividend will be paid on October 2, 2023, to stockholders of record as of September 18, 2023.
 

Commenting on the announcement, James A. (Ja) Hillebrand, Chairman and Chief Executive Officer, said, "Solid franchise growth contributes to our ability to steadily increase dividends and to further build shareholder value. With this announcement, Stock Yards Bancorp has now raised its quarterly dividend rate a total of 16 times since 2012, resulting in a cumulative increase of 125% over that time. The increased cash dividend highlights our continued growth and strong capital position."