First Business Increases Quarterly Dividend
01 Februar 2016 - 2:45PM
On January 29, 2016, the Board of Directors of First Business
Financial Services, Inc. (the “Company” or “First Business”)
(NASDAQ:FBIZ) declared a regular quarterly cash dividend on its
common stock of $0.12 per share, an increase of 9% from the regular
quarterly dividends declared in 2015. The 2016 annualized dividend
amount is $0.48 per share, or a payout ratio of 25% based on full
year 2015 earnings. This regular cash dividend is payable on
February 26, 2016 to shareholders of record at the close of
business on February 12, 2016.
“We are pleased to enhance shareholder return through an
increase in our quarterly dividend rate to $0.12 per share,” said
Corey Chambas, President and Chief Executive Officer. “Earnings
growth and strong capital provide the basis for our optimistic
outlook. This announcement is consistent with our commitment to
provide a meaningful return to shareholders while retaining the
appropriate level of capital to support our strategic growth
objectives.”
About First Business Financial Services,
Inc.First Business Financial Services, Inc. (NASDAQ:FBIZ)
is a Wisconsin-based bank holding company focused on the unique
needs of businesses, business executives, and high net worth
individuals. First Business offers commercial banking, specialty
finance, and private wealth management solutions, and because of
its niche focus, is able to provide its clients with unmatched
expertise, accessibility, and responsiveness. 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 2014 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=25434
Contact:
Edward G. Sloane, Jr.
Chief Financial Officer
First Business Financial Services, Inc.
608-232-5970
esloane@firstbusiness.com
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