Stock Yards Bancorp maintains dividend at $0.30 per share

LOUISVILLE, Ky. – Stock Yards Bancorp, Inc. (Nasdaq: ), the parent company of Stock Yards Bank & Trust Company, today announced that its Board of Directors has declared a continuing quarterly cash dividend of $0.30 per share of common stock. The dividend is scheduled to be paid on July 1, 2024 to shareholders of record as of June 17, 2024.

The statement follows the company's practice of maintaining dividend payments, reflecting a continuation of last quarter's dividend distribution. With roots dating back to 1904, Stock Yards Bancorp has $8.12 billion in assets and operates banking subsidiaries in Louisville, central, eastern and northern Kentucky, and the Indianapolis, Indiana and Cincinnati metropolitan areas. conduct business in the region.

The company emphasizes its commitment to providing value to shareholders through regular dividend payments.

The information in this article is based on a press release from Stock Yards Bancorp, Inc.

Investment Professional Insights

Stock Yards Bancorp, Inc. (NASDAQ: SYBT ) recently continued its tradition of rewarding shareholders by announcing a solid quarterly dividend. The move is in line with the company's impressive track record of dividend consistency and growth. one Investment Expert Tips Emphasizing that SYBT has not only maintained but also increased its dividend for 36 consecutive years, it demonstrates its long-term commitment to providing value to shareholders.

Investors paying attention to SYBT's financials will find a company with solid fundamentals. according to Investment professional data, the company has a market capitalization of $1.44 billion and a trailing twelve-month price-to-earnings (P/E) ratio of 13.61 through the first quarter of 2024. Potentially attractive price point. Additionally, a price-to-book (P/B) ratio of 1.64 may be attractive to those concerned with a company's NAV relative to its market valuation.

other Investment Expert Tips Positive analyst sentiment for those considering SYBT is that 5 analysts have recently upgraded their earnings estimates for the coming period. This could bode well for the company's financial performance and further supports the forecast that SYBT will remain profitable this year.

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