Byline Bancorp (BY) Initiates $0.03 Quarterly Dividend; 0.6% Yield

Byline Bancorp (NYSE: BY) declared a quarterly dividend of $0.03 per share, or $0.12 annualized.

The dividend will be payable on January 7, 2020, to stockholders of record on December 24, 2019, with an ex-dividend date of December 23, 2019.

The annual yield on the dividend is 0.6 percent.

“Since the recapitalization in 2013, we have successfully executed on our strategic plan to generate profitable growth and enhance the value of the Byline franchise,” said Alberto Paracchini, President and Chief Executive Officer of Byline. “Our Board believes that our current level of profitability and strong internal capital generation enables us to initiate a modest quarterly cash dividend. We believe that adding a cash dividend to our capital allocation strategy will result in long-term benefits for our stockholders.”

For a dividend history and other dividend-related data on Byline Bancorp (BY) click here.

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