First Business Declares Quarterly Cash Dividend
25 April 2020 - 6:03AM
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 $0.165 per share
which is equivalent to a dividend yield of 4.43% based on
Thursday’s market close price of $14.90. The quarterly dividend is
the same as the quarterly dividend declared in January 2020, and,
based on our first quarter 2020 earnings per share, represents a
dividend payout ratio of 43.4%. This regular cash dividend is
payable on May 14, 2020 to shareholders of record at the close of
business on May 4, 2020.
“We are pleased that our ongoing financial strength has
positioned us to meet growth objectives and allowed us to once
again declare a cash dividend that will provide shareholders with a
competitive dividend yield” noted Corey Chambas, President and
Chief Executive Officer of First Business.
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 2019 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/20200424005490/en/
Edward G. Sloane, Jr. Chief Financial Officer First Business
Financial Services, Inc. 608-232-5970 esloane@firstbusiness.com
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