First Business Declares 7.7% Increase in Quarterly Cash Dividend
26 Januar 2018 - 10:10PM
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 $0.14 per share
which is equivalent to a dividend yield of 2.47% based on
Thursday’s market close price of $22.67. The quarterly dividend
represents a 7.7% increase over the quarterly dividend declared in
October 2017 and, based on our fourth quarter earnings, a dividend
payout ratio of 30.43%. This regular cash dividend is payable on
February 15, 2018 to shareholders of record at the close of
business on February 5, 2018.
“I am pleased with the Board’s decision to increase the
quarterly cash dividend,” stated Corey Chambas, President and Chief
Executive Officer. “This increase reaffirms the Company’s
commitment of returning value to its shareholders while maintaining
sufficient levels of capital and liquidity. The dividend increase
reflects our confidence that positive fourth quarter results
provide momentum for profitable growth in 2018 and beyond.”
About First Business Financial Services,
Inc.First Business Financial Services 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. 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 2016 annual report on Form
10-K, quarterly reports on Form 10-Q and other filings with the
Securities and Exchange Commission.
Contact:Edward G. Sloane, Jr.Chief Financial OfficerFirst
Business Financial Services,
Inc.608-232-5970esloane@firstbusiness.com
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