First Business Financial Services (FBIZ) Raises Quarterly Dividend 8.3% to $0.13; 2.1% Yield
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First Business Announces an Increase in its Quarterly Dividend
January 27, 2017 4:05 PM ESTMADISON, Wis., Jan. 27, 2017 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (First Business) (NASDAQ: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.13 per share which is equivalent to a dividend yield of 2.13% based on Thursdays market close price of $24.36. The quarterly dividend at this amount represents an 8.3% increase over the quarterly dividend declared in October 2016. On an annualized basis, the 2017 dividend amount is $0.52 per share, or a payout ratio of 28% based on fourth quarter 2016... More
