SY Bancorp Maintains Dividend at $0.20
Bank holding company SY Bancorp announced yesterday its second-quarter dividend of $0.20 per share, the same rate it paid the past two quarters after raising the payout 5% from $0.19 per share.
The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 10. SY Bancorp was incorporated in 1988 and is the parent company of Stock Yards Bank & Trust, which was established in 1904.
SY also noted that its subsidiary Wilmington Trust Company will make a normal quarterly distribution on its 10% fixed-rate cumulative trust preferred securities on June 30. The distribution will be $0.25 on each $10 preferred security owned.
The regular dividend payment equates to a $0.80-per-share annual dividend yielding 3.3%, based on the closing price of SY Bancorp's stock on May 21.
SYBT Dividend data by YCharts
The article SY Bancorp Maintains Dividend at $0.20 originally appeared on Fool.com.
Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
