First Business Financial Services (FBIZ) Raises Quarterly Dividend 9.7% to $0.1975; 2.4% Yield
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First Business Announces 10% Increase in Quarterly Cash Dividend
January 28, 2022 4:05 PM ESTMADISON, 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 $0.1975 per share which is equivalent to a dividend yield of 2.57% based on Thursdays market close price of $30.71. The quarterly dividend represents a 10% increase over the quarterly dividend declared in October 2021, and based on fourth quarter 2021 earnings per share, a dividend payout ratio of 17.0%. This regular cash dividend is payable on February 17, 2022 to shareholders of record at the close of... More
