Stock Yards Bancorp's latest quarterly dividend was on Sep 15, 2023 (ex-date) with a payout of $0.3 per share. On an annualized basis, the company has a current payout of $1.17 per share. This brings the dividend yield to 2.51% based on its recent close price. The latest dividend has grown by $0.01, or 3.4% from the prior distribution.
Stock Yards Bancorp's dividend yield of 2.51% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.39%, Stock Yards Bancorp's dividend yield is 26% lower. The current dividend yield is similar to the historical average of 2.5% of the last 5 years.
Stock Yards Bancorp has been paying dividends since 1994. SYBT has distributed four quarterly dividends in the past year. The annualized dividend per share has grown by 3.5% since twelve months ago. And with the price of the stock down by 37% from a year ago, the dividend yield has grown by 65%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 15, 2023 | Oct 2, 2023 | Aug 15, 2023 | $0.3 | normal |
| Jun 16, 2023 | Jul 3, 2023 | May 17, 2023 | $0.29 | normal |
| Mar 17, 2023 | Apr 3, 2023 | Feb 22, 2023 | $0.29 | normal |
| Dec 16, 2022 | Dec 30, 2022 | Nov 16, 2022 | $0.29 | normal |
| Sep 16, 2022 | Oct 3, 2022 | Aug 17, 2022 | $0.29 | normal |
| Jun 16, 2022 | Jul 1, 2022 | $0.28 | normal | |
| Mar 18, 2022 | Apr 1, 2022 | $0.28 | normal | |
| Dec 17, 2021 | Dec 31, 2021 | Nov 17, 2021 | $0.28 | normal |
| Sep 17, 2021 | Oct 1, 2021 | Aug 18, 2021 | $0.28 | normal |
| Jun 18, 2021 | Jul 1, 2021 | May 18, 2021 | $0.27 | normal |
| Mar 11, 2021 | Apr 1, 2021 | Feb 17, 2021 | $0.27 | normal |
| Dec 18, 2020 | Dec 31, 2020 | Nov 18, 2020 | $0.27 | normal |
| Sep 18, 2020 | Oct 1, 2020 | Aug 19, 2020 | $0.27 | normal |
| Jun 12, 2020 | Jul 1, 2020 | May 19, 2020 | $0.27 | normal |
| Mar 12, 2020 | Apr 1, 2020 | Feb 18, 2020 | $0.27 | normal |
| Dec 13, 2019 | Dec 31, 2019 | Nov 19, 2019 | $0.27 | normal |
| Sep 13, 2019 | Oct 1, 2019 | Aug 20, 2019 | $0.26 | normal |
| Jun 14, 2019 | Jul 1, 2019 | May 21, 2019 | $0.26 | normal |
| Mar 15, 2019 | Apr 1, 2019 | Feb 19, 2019 | $0.25 | normal |
| Dec 14, 2018 | Dec 31, 2018 | Nov 20, 2018 | $0.25 | normal |
| Sep 14, 2018 | Oct 1, 2018 | Aug 21, 2018 | $0.25 | normal |
| Jun 15, 2018 | Jul 2, 2018 | May 15, 2018 | $0.23 | normal |
| Mar 16, 2018 | Apr 2, 2018 | Feb 20, 2018 | $0.23 | normal |
| Dec 8, 2017 | Dec 29, 2017 | Nov 21, 2017 | $0.21 | normal |
| Sep 8, 2017 | Oct 2, 2017 | Aug 15, 2017 | $0.2 | normal |
| Jun 8, 2017 | Jul 3, 2017 | May 16, 2017 | $0.2 | normal |
| Mar 9, 2017 | Apr 3, 2017 | Feb 21, 2017 | $0.19 | normal |
| Dec 8, 2016 | Dec 30, 2016 | Nov 15, 2016 | $0.19 | normal |
| Sep 8, 2016 | Oct 3, 2016 | Aug 17, 2016 | $0.18 | normal |
Stock Yards Bancorp's payout ratio of 30% is below the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 36.5%, Stock Yards Bancorp's payout ratio is 18% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CTBI Community Trust Bancorp Inc | 4.3% | $1.78 | 38.9% |
| RNST Renasant Corp | 3.05% | $0.88 | 30.2% |
| SYBT Stock Yards Bancorp Inc | 2.51% | $1.17 | 30% |
Yes, Stock Yards Bancorp has been paying dividends for the last 29 years.
SYBT's next dividend is scheduled on Dec 15, 2023 (ex-date).
Stock Yards Bancorp's last dividend ex-date was on Sep 15, 2023. The dividend amount was $0.3 per share.
SYBT has paid dividend of $1.17 per share in the last year.
The current dividend yield of Stock Yards Bancorp is 2.51%.
Stock Yards Bancorp pays four dividends per year.
Stock Yards Bancorp's dividend payout ratio is 30%.
Stock Yards Bancorp's dividend yield is below the Financial Services sector average.