StockNews.AI
FBIZ
StockNews.AI
197 days

First Business Bank Announces 16% Increase in Quarterly Common Stock Dividend

1. FBIZ declared a quarterly dividend of $0.29 per share. 2. This marks a 16% increase in dividends from last year. 3. The dividend yield based on share price is 22%. 4. FBIZ has consistently raised dividends for 13 years. 5. A lower dividend payout ratio of 17% indicates financial stability.

4m saved
Insight
Article

FAQ

Why Bullish?

The high dividend yield and consistent increases may attract investors, boosting stock price. Similar companies often see price increases following dividend announcements.

How important is it?

Dividend changes directly influence investor sentiment and stock performance, showing FBIZ's strong financial health.

Why Short Term?

Immediate investor interest in dividends can drive short-term price gains. Historical trends show that dividend announcements tend to positively affect stock prices within the following weeks.

Related Companies

FBIZ
MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company” or “First Business Bank”) (Nasdaq: FBIZ) announced its Board of Directors has declared a quarterly cash dividend on its common stock of $0.29 per share which is equivalent to a dividend yield of 22% based on Friday’s market close price of $51.66. The quarterly dividend represents a 16% increase over the quarterly dividend declared in October 2024 and marks the 13th consecutive annual dividend raise. Based on fourth quarter 2024 earnings per share, represents a dividend payout ratio of 17%. This regular cash dividend is payable on February 28, 2025, to shareholders of record at the close of business on February 14, 2025. The board of directors also declared a dividend on the Company’s 7% Series A Preferred Stock of $17.50 per share, payable on March 17, 2025, to shareholders of record on February 28, 2025. 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 2022 annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.

Related News