First Business Bank Declares Quarterly Cash Dividend
29 April 2022 - 10:03PM
Business Wire
First Business Financial Services, Inc. (the “Company,” the
“Bank,” or “First Business Bank”) (Nasdaq: FBIZ) announced its
board of directors has declared a quarterly cash dividend on its
common stock of $0.1975 per share which is equivalent to a dividend
yield of 2.30% based on Thursday’s market close price of $34.33.
The quarterly dividend is the same as the quarterly dividend
declared in January 2022, and based on first quarter 2022 earnings
per share, represents a dividend payout ratio of 19.4%. This
regular cash dividend is payable on May 19, 2022 to shareholders of
record at the close of business on May 9, 2022. The Board of
Directors also declared the initial dividend of the Company’s $12.5
million, 7% Series A Preferred Stock, payable June 15, 2022, to
shareholders of record on June 1, 2022.
About First Business Bank First Business Bank specializes
in Business Banking, including Commercial Banking and Specialty
Finance, Private Wealth, and Bank Consulting Services, and through
its refined focus delivers unmatched expertise, accessibility, and
responsiveness. Specialty Finance solutions are delivered through
First Business Bank’s wholly owned subsidiary First Business
Specialty Finance, LLC. First Business Bank is a wholly owned
subsidiary of First Business Financial Services, Inc. (Nasdaq:
FBIZ). For additional information, visit firstbusiness.bank.
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 2021 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/20220429005600/en/
Edward G. Sloane, Jr. Chief Financial Officer First Business
Financial Services, Inc. 608-232-5970
esloane@firstbusiness.bank
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