First Business Financial Services Announces Dividend
14 März 2013 - 9:04PM
First Business Financial Services, Inc. (Nasdaq:FBIZ) announced
that its board of directors has declared a quarterly cash dividend
on its common stock of $0.14 per share, doubling the previous
quarterly dividend of $0.07 per share which has been maintained for
the past 20 quarters. The 2013 annualized dividend amount is $0.56
per share. The cash dividend is payable on April 15, 2013 to
shareholders of record at the close of business on April 1, 2013.
Corey Chambas, President & CEO, stated, "Our strong capital
position and earnings momentum demonstrate First Business' ability
to continue producing sustainable earnings – earnings which we
believe can comfortably support both future investment in growth
and increased returns to shareholders. Measured against 2012
diluted earnings per share of $3.29, the increased dividend
represents a modest and sustainable 17% payout ratio, allowing
flexibility for future investment in growth."
About First Business Financial Services,
Inc.
First Business Financial Services (Nasdaq:FBIZ) is a $1.2
billion Wisconsin-based bank holding company that specializes in
focused financial solutions for businesses, key executives, and
high net worth individuals through its operating companies. It is
the 2nd largest Wisconsin-based commercial bank holding company
listed on NASDAQ or NYSE. Its companies include: First Business
Bank - Madison; First Business Bank - Milwaukee; First Business
Bank - Northeast; First Business Trust & Investments; First
Business Equipment Finance, LLC; and First Business Capital Corp.
For additional information, visit www.firstbusiness.com or call
(608) 238-8008.
This press release includes "forward-looking" statements related
to First Business Financial Services, Inc. (the "Company") that can
generally be identified as describing the Company's future plans,
objectives or goals. Such forward-looking statements are subject to
risks and uncertainties that could cause actual results or outcomes
to differ materially from those currently anticipated. These
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
For further information about the factors that could affect the
Company's future results, please see the Company's annual report on
Form 10-K, quarterly reports on Form 10-Q and other filings with
the Securities and Exchange Commission.
The First Business Financial Services, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=2667
CONTACT: James F. Ropella
Senior Vice President and CFO
First Business Financial Services, Inc.
608-232-5970
jropella@firstbusiness.com
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