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Stock impact report

First Business Financial Services Raises Dividend by 10% [MarketWatch]

First Business Financial Services, Inc. (FBIZ) 
Last first business financial services, inc. earnings: 4/23 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.firstbusiness.com
Company Research Source: MarketWatch
The new quarterly dividend of 25 cents per share, or $1 on an annual basis, will be payable on Feb. 21 to shareholders of record at the close of business on Feb. 8. Advertisement "The quarterly dividend represents a 10% increase over the quarterly dividend declared in October 2023, and, based on fourth quarter 2023 earnings per share, represents a dividend payout ratio of 22%," the company said. The new dividend is equivalent to a 2.53% dividend yield based on the company's closing share price on Jan. 26, First Business Financial said. The board also declared a $17.50 per share dividend on the Company's 7% Series A Preferred Stock, which will be payable on March 15 to shareholders of record on February 29, the company said. First Business Financial Services is the parent company of First Business Bank. Write to Stephen Nakrosis at stephen.nakrosis@wsj.com Show less Read more
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