First Business Financial Services (FBIZ) Raises Quarterly Dividend 9.9% to $0.25; 2.6% Yield
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First Business Bank Announces 10% Increase in Quarterly Common Stock Dividend
January 29, 2024 4:15 PM ESTMADISON, Wis.--(BUSINESS WIRE)-- First Business Financial Services, Inc. (the Company or First Business Bank) (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.25 per share which is equivalent to a dividend yield of 2.53% based on Friday's market close price of $39.56. The quarterly dividend represents a 10% increase over the quarterly dividend declared in October 2023, and, based on fourth quarter 2023 earnings per share, represents a dividend payout ratio of 22%. This regular cash dividend is payable on February 21, 2024, to shareholders of record at the close of business on February... More
