Stock Yards Bancorp, Inc. has announced an increase in its quarterly cash dividend to $0.32 per common share, up from the previous rate. This marks the 18th time the company has raised its quarterly dividend rate since 2011, resulting in a cumulative increase of 167% over that time.
The company, with $9.21 billion in assets, is the parent company of Stock Yards Bank & Trust Company, and its common shares trade on the NASDAQ stock market under the symbol "SYBT."
This move reflects the company's consistent profitability and robust capital position, enabling it to steadily grow dividends and enhance long-term shareholder value. The dividend will be paid on October 1, 2025, to stockholders of record as of September 15, 2025. As a result of these announcements, the company's shares have moved 1.5% on the market, and are now trading at a price of $76.89. If you want to know more, read the company's complete 8-K report here.