First Business Financial Services (FBIZ) Raises Quarterly Dividend 10% to $0.165; 2.5% Yield

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Go back to First Business Financial Services (FBIZ) Raises Quarterly Dividend 10% to $0.165; 2.5% Yield

First Business Increases Quarterly Cash Dividend 10%

January 24, 2020 4:05 PM EST

MADISON, Wis.--(BUSINESS WIRE)-- 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 $0.165 per share which is equivalent to a dividend yield of 2.63% based on Thursdays market close price of $25.02. The quarterly dividend represents a 10% increase over the quarterly dividend declared in October 2019, and, based on our fourth quarter 2019 earnings per share, a dividend payout ratio of 24.6%. This regular cash dividend is payable on February 13, 2020 to... More