Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, treasury management, merchant, international banking, correspondent banking, and other banking services. This segment also provides securities brokerage services through an arrangement with a third party broker-dealer. The WM&T segment provides investment management, financial and retirement planning, and trust and estate services, as well as retirement plan management for businesses and corporations. The company operates through 73 full service banking center locations in Louisville, central, eastern and northern Kentucky, as well as Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets. Stock Yards Bancorp, Inc. was founded in 1904 and is headquartered in Louisville, Kentucky.
Stock Yards Bancorp Dividend Announcement
• Stock Yards Bancorp announced a quarterly dividend of $0.31 per ordinary share which will be made payable on 2024-10-01. Ex dividend date: 2024-09-16
• Stock Yards Bancorp annual dividend for 2024 was $0.91
• Stock Yards Bancorp annual dividend for 2023 was $1.18
• Stock Yards Bancorp's trailing twelve-month (TTM) dividend yield is 2.37%
• Stock Yards Bancorp's payout ratio for the trailing twelve months (TTM) is 32.96%
• Stock Yards Bancorp's dividend growth over the last five years (2018-2023) was 4.21% year
• Stock Yards Bancorp's dividend growth over the last ten years (2013-2023) was 3.83% year
Stock Yards Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-16 | $0.31 | quarterly | 2024-10-01 |
2024-06-17 | $0.30 | quarterly | 2024-07-01 |
2024-03-15 | $0.30 | quarterly | 2024-04-01 |
2023-12-15 | $0.30 | quarterly | 2023-12-29 |
2023-09-15 | $0.30 | quarterly | 2023-10-02 |
2023-06-16 | $0.29 | quarterly | 2023-07-03 |
2023-03-17 | $0.29 | quarterly | 2023-04-03 |
2022-12-16 | $0.29 | quarterly | 2022-12-30 |
2022-09-16 | $0.29 | quarterly | 2022-10-03 |
2022-06-16 | $0.28 | quarterly | 2022-07-01 |
2022-03-18 | $0.28 | quarterly | 2022-04-01 |
2021-12-17 | $0.28 | quarterly | 2021-12-31 |
2021-09-17 | $0.28 | quarterly | 2021-10-01 |
2021-06-18 | $0.27 | quarterly | 2021-07-01 |
2021-03-11 | $0.27 | quarterly | 2021-04-01 |
2020-12-18 | $0.27 | quarterly | 2020-12-31 |
2020-09-18 | $0.27 | quarterly | 2020-10-01 |
2020-06-12 | $0.27 | quarterly | 2020-07-01 |
2020-03-12 | $0.27 | quarterly | 2020-04-01 |
2019-12-13 | $0.27 | quarterly | 2019-12-31 |
2019-09-13 | $0.26 | quarterly | 2019-10-01 |
2019-06-14 | $0.26 | quarterly | 2019-07-01 |
2019-03-15 | $0.25 | quarterly | 2019-04-01 |
2018-12-14 | $0.25 | quarterly | 2018-12-31 |
2018-09-14 | $0.25 | quarterly | 2018-10-01 |
2018-06-15 | $0.23 | quarterly | 2018-07-02 |
2018-03-16 | $0.23 | quarterly | 2018-04-02 |
2017-12-08 | $0.21 | quarterly | 2017-12-29 |
2017-09-08 | $0.20 | quarterly | 2017-10-02 |
2017-06-08 | $0.20 | quarterly | 2017-07-03 |
2017-03-09 | $0.19 | quarterly | 2017-04-03 |
2016-12-08 | $0.19 | quarterly | 2016-12-30 |
2016-09-08 | $0.18 | quarterly | 2016-10-03 |
2016-06-09 | $0.18 | quarterly | 2016-07-01 |
2016-05-11 | $0.25 | quarterly | |
2016-03-10 | $0.25 | quarterly | 2016-04-01 |
2015-12-10 | $0.25 | quarterly | 2015-12-31 |
2015-09-10 | $0.24 | quarterly | 2015-10-01 |
2015-06-11 | $0.24 | quarterly | 2015-07-01 |
2015-03-12 | $0.23 | quarterly | 2015-04-01 |
2014-12-11 | $0.23 | quarterly | 2014-12-31 |
2014-09-11 | $0.22 | quarterly | 2014-10-01 |
2014-06-05 | $0.22 | quarterly | 2014-07-01 |
2014-03-06 | $0.21 | quarterly | 2014-04-01 |
2013-12-05 | $0.21 | quarterly | 2013-12-31 |
2013-09-05 | $0.20 | quarterly | 2013-10-01 |
2013-06-06 | $0.20 | quarterly | 2013-07-01 |
2013-03-07 | $0.20 | quarterly | 2013-04-01 |
Stock Yards Bancorp Dividend per year
Stock Yards Bancorp Dividend growth
Stock Yards Bancorp Dividend Yield
Stock Yards Bancorp current trailing twelve-month (TTM) dividend yield is 2.37%. Interested in purchasing Stock Yards Bancorp stock? Use our calculator to estimate your expected dividend yield:
Stock Yards Bancorp Financial Ratios
Stock Yards Bancorp Dividend FAQ
Other factors to consider when evaluating Stock Yards Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Stock Yards Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Stock Yards Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Stock Yards Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Stock Yards Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Stock Yards Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Stock Yards Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Stock Yards Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Stock Yards Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Stock Yards Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.