First Business Increases Quarterly Cash Dividend
25 Januar 2019 - 10:00PM
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 $0.15 per share
which is equivalent to a dividend yield of 2.90% based on
Thursday’s market close price of $20.70. The quarterly dividend
represents a 7.1% increase over the quarterly dividend declared in
October 2018, and, based on our fourth quarter 2018 earnings per
share, a dividend payout ratio of 32.61%. This regular cash
dividend is payable on February 14, 2019 to shareholders of record
at the close of business on February 4, 2019.
Corey Chambas, President and Chief Executive Officer, stated,
“The increase in the quarterly cash dividend, which marks our
seventh consecutive annual increase, is a reflection of the Board’s
confidence in First Business and its commitment to reward
shareholders for their ownership.”
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 2017 annual report on Form
10-K, quarterly reports on Form 10-Q and other filings with the
Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20190125005457/en/
Edward G. Sloane, Jr.Chief Financial OfficerFirst Business
Financial Services, Inc.608-232-5970esloane@firstbusiness.com
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